by OrangeTee & Tie Pte Ltd.

Market for new ECs a bright spot after cooling measures

Government Policies

Singapore, 31 Mar 2022

Singapore's property market has been buoyant despite the pandemic. Billions dollars in government stimulus, all-time low interest rates and a recuperating economy pushed prices of properties higher across the island. Many local and foreign investors parked their funds in our real estate market as Singapore is considered as a safe haven.

A rush in buying activity was noticed across many segments of the housing market last year. Overall prices of private residential properties rose to a record high, according to data from the Urban Redevelopment Authority (URA).

According to Christine Sun, Senior Vice President and Timothy Eng, Senior Research Analyst from Research & Analytics at OrangeTee & Tie.

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