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Private home prices rise 0.9% in Q3; second consecutive quarter of increase: URA flash data

Private home prices rise 0.9% in Q3; second consecutive quarter of increase: URA flash data.

SINGAPORE - Despite Singapore's economic slowdown and downside risks ahead, private home prices rose for the second consecutive quarter, with at least one analyst saying this might prompt the Government to respond with more cooling measures.

The Urban Redevelopment Authority's (URA) flash estimate for the third quarter of 2019 shows that its overall price index for private homes rose 0.9 per cent over the preceding quarter. This follows the 1.5 per cent quarter-on-quarter increase in the second quarter of this year.

To read more: https://www.straitstimes.com/business/property/private-home-prices-rise-09-in-q3-ura-flash-data

Adapted from The Straits Times 1 October 2019