Private home prices in Singapore rose unexpectedly in the second quarter to hit their highest level in at least five years, with apartments around the central region and suburbs proving most popular with buyers.
The private residential property index increased 1.5% to 150.8 points in the second quarter, beating an initial estimate and reversing 2 consecutive quarters of decline, data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 26).
LAUNCHES AND SALES
They sold 2,350 apartments, up from the 1,838 units they moved in the previous quarter.
Apartments around the central region and the suburbs proved most popular with buyers, who purchased 1,156 units in RCR and 1,008 in OCR.
– 26 July, 2019