by OrangeTee & Tie Pte Ltd.

Private home prices rise 2.2% last year despite COVID-19 pandemic

Monthly Developers' Sales

Monthly Developers' Sales

Singapore, 22 Apr 2021

SINGAPORE: Private home prices in Singapore increased by 2.2 per cent last year despite the COVID-19 pandemic, driven mainly by non-landed properties and attractive offers dangled by developers, said analysts.

According to statistics released by the Urban Redevelopment Authority (URA) on Friday (Jan 22), prices of private residential properties in the fourth quarter rose 2.1 per cent from the previous three months. This is an increase from the 0.8 per cent rise seen in the third quarter.

The private residential property price index increased to 157 points in the fourth quarter, up from 153.8 points in the third quarter. This is unchanged from the flash estimates released earlier this month.

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