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What could be driving private home prices to an estimated five-year high?

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

Read Full Article at https://www.todayonline.com/singapore/explainer-what-could-be-driving-private-home-prices-to-an-estimated-five-year-high

Posted in Singapore Property News and tagged , .