Singapore private home prices up 3.5% in 2Q, above estimate

The price rise was higher than the Urban Redevelopment Authority’s (URA) flash estimate of 3.2% and a big jump from the 0.7% gain in 1Q.

PRIVATE home prices rose 3.5% in the second quarter (2Q) from the previous three months, fuelled by a sharp turnaround for apartments in the city fringe and the continued strength of the landed market.

The price rise was higher than the Urban Redevelopment Authority’s (URA) flash estimate of 3.2% and a big jump from the 0.7% gain in 1Q.