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The Urban Redevelopment Authority's private property price index now stands at its highest level since the first quarter of 2014.
SINGAPORE — Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high.
This is based on second quarter flash estimates published on Monday (July 1) by the Urban Redevelopment Authority (URA).
SINGAPORE — Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high.
This is based on second quarter flash estimates published on Monday (July 1) by the Urban Redevelopment Authority (URA).
The jump follows two straight quarters of falling prices. Industry analysts attribute the rise to factors such as large sums of en-bloc sale money filtering into the market, and Singapore’s reputation as a safe haven in troubled times pulling in some foreign investment money.
SINGAPORE: Developers did not have a very merry Christmas last month, after sales of new private homes plunged 50 per cent in December from the previous month.
Excluding executive condominiums (ECs), developers sold 602 units last month, compared with 1,201 units in November, data released on Tuesday (Jan 15) by the Urban Redevelopment Authority (URA) showed.
