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by OrangeTee & Tie Pte Ltd.

Singapore Home Price Growth Quickens, Stoking Worries of Curbs

URA Quarterly Data

URA Quarterly Data


Singapore, 01 Apr 2021

Singapore home prices grew at a faster pace last quarter, stoking concerns that the government could join other nations that are introducing measures to calm the property market.

Private property values increased 2.9% in the three months ended March 31, preliminary figures from the Urban Redevelopment Authority showed Thursday. That’s the biggest gain since the second quarter of 2018.

Singapore’s property prices have recovered rapidly from a lockdown that lifted last June as low interest rates prompt buyers to look past a deep recession. In the past few months, the pace of gains -- from private apartments to public housing flats to luxury penthouses and bungalows -- has soared.

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