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Singapore private home prices unexpectedly rise to 5-year high in Q2

Singapore private home prices unexpectedly rise to 5-year high in Q2.

SINGAPORE: Private home prices in Singapore bounced to a five-year high in the second quarter after slipping in the prior two quarters in the face of property curbs, underlining the resilience of the country's real estate sector widely seen as a safe haven.


The private residential property index increased 1.3 per cent to 150.5 points in the second quarter, from 148.6 points in the first quarter, according to flash estimates from the Urban Redevelopment Authority (URA). The index was at its highest since the first quarter of 2014.


Read more at
https://www.channelnewsasia.com/news/business/private-home-prices-ura-q2-2019-flash-estimates-property-11676188

Adapted from CNA 1 July 2019