Singapore, 23 Jul 2021 SINGAPORE - Singapore’s private home prices grew at a much slower pace in the second quarter this year, due to a pullback in landed housing prices and fewer new launches amid tighter Covid-19 restrictions.
Private residential prices rose 0.8 per cent quarter on quarter - easing from a rise of 3.3 per cent in the first quarter and 2.1 per cent in the fourth quarter of last year, according to data from the Urban Redevelopment Authority (URA) on Friday (July 23).
But Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, noted that rising home values have triggered a slight slowdown in some locations.