by OrangeTee & Tie Pte Ltd.

Private property prices up 0.8% in Q3: URA flash estimates

SRX Private Residential Data

SRX Private Residential

SG, 01 Oct 2020

Singapore's private home prices rose by 0.8 per cent in the 3rd quarter in comparison to the 2nd quarter, according to flash estimates released by the URA. The private residential property index rose to 153.8 points in the 3rd quarter from 152.6 points in the 2nd quarter.

"The resilience in the property market is "encouraging" given uncertainties in the economic and employment outlook amid the COVID-19 situation" said Ms Christine Sun, head of research and consultancy at OrangeTee & Tie.

Ms Sun added that "It is also rather unprecedented that the market averted a major price correction during the current pandemic."

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