Singapore, 01 Jul 2021 Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.
Singapore saw private home prices and HDB resale prices continue to increase in the second quarter of 2021, albeit at a slower pace.
The latest flash estimates from the Urban Redevelopment Authority (URA) showed that private home prices climbed 0.9% in Q2 2021, which is much slower compared to the 3.3% hike registered in the previous quarter. On an annual basis, private home prices increased 7.3%.
Christine Sun, Senior Vice President of Research and Analytics at OrangeTee, noted that this marks the market’s fifth consecutive quarterly increase.