by OrangeTee & Tie Pte Ltd.

Singapore’s housing market remains resilient

SRX Private Residential Data

SRX Private Residential Data

Singapore, 22 Feb 2021

Singapore’s housing market remains healthy, despite a struggling economy caused by the COVID-19 pandemic. The private residential property index rose by 2.21% during 2020, following y-o-y rises of 2.67% in 2019, 7.85% in 2018, and 1.09% in 2017, according to the Urban Redevelopment Authority (URA). When adjusted for inflation, house prices rose by 2.16% y-o-y last year.

During the latest quarter (i.e. q-o-q in Q4 2020), residential property prices increased 2.08% (1.67% inflation-adjusted).

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