by OrangeTee & Tie Pte Ltd.

Singapore private home prices increase by 2.1% in fourth quarter

URA Quarterly Data

URA Quarterly Data

SG, 05 Jan 2021

Private property prices in Singapore rose 2.1 per cent in the fourth quarter of 2020 from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Monday (Jan 4). This compares with a 0.8 per cent increase in the previous quarter, said URA. For the whole of 2020, private home prices rose by 2.2 per cent, compared with the 2.7 per cent increase in 2019. 

Ms Christine Sun, head of research and consultancy at OrangeTee & Tie, said that the fourth-quarter increase was the steepest quarterly increase since the second quarter of 2018, when prices rose 3.4 per cent quarter-on-quarter.

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