SINGAPORE – The Republic confirmed its biggest quarterly surge in private home prices in nearly eight years on Friday (April 27) — a 3.9 per cent jump that beat an earlier estimate of 3.1 per cent, data from the Urban Redevelopment Authority (URA) showed.
This is the highest quarterly price growth since the 5.3 per cent quarter-on-quarter increase in the second quarter of 2010. In comparison, prices of private residential properties rose 0.8 per cent in the fourth quarter of last year over the previous quarter.