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).
FACTOR 1: WEIGHT OF EN-BLOC MONIES
FACTOR 2: NEW PROJECT LAUNCHES AT HIGHER PRICES
FACTOR 3: SINGAPORE’S ‘SAFE HAVEN’ EFFECT
FACTOR 4: EXPECTED HALT IN INTEREST RATE HIKES
– Updated 02 July, 2019