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by OrangeTee & Tie Pte Ltd.

Growth in Singapore private home prices slows to 0.8% in Q2 amid tighter Covid-19 measures

URA Quarterly Data

URA Quarterly Data


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).

This is slightly below the flash estimate of a 0.9 per cent rise. Year on year, prices are up by 7.1 per cent.

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