Private home prices in Singapore continued to grow in Q2 2018 with a 3.4 percent increase from the previous quarter, according to flash estimates of the Urban Redevelopment Authority’s price index released on Monday (2 July).
“This is the fourth consecutive quarter of increase in the URA Property Price Index since Q3 2017 and following the 3.9 percent increase in Q1 2018,” said Eugene Lim, key executive officer at ERA Realty.
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1.4% price increase in Core Central Region
2.9% price increase in Outside of Central Region
5.7% price increase in Rest of Central Region
Confident land bids by developers
Elevated vacancy rate
Government Intervention
Possibility of trade war between China and US
prices moving forward
Rising interest rates
Robust en bloc activity
Singapore property market 2018
Sustainable housing market
Uncertainty in stock market