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Singapore Q2 private home prices rise at a slower pace amid COVID-19 curbs

Reuters2021-07-01

SINGAPORE, July 1 (Reuters) - Singapore's private home prices increased 0.9% in the second quarter from the previous three months, slower that the two-and- a-half-year high pace in the first quarter, preliminary data showed on Thursday.

The increase, however, still marked the fifth consecutive quarterly rise. During the second quarter, Singapore re-imposed some COVID-19 curbs, the toughest since exiting a lockdown last year, to combat a spike in local infections.

In the first quarter, prices increased by 3.3%, the Urban Redevelopment Authority said.

Rising property prices in the past few quarters have led to some expectations that the government will step in to cool the market.

Singapore's central bank chief Ravi Menon said on Wednesday authorities were highly vigilant about a sustained increase in home prices relative to income trends, and their goal was to make sure the market did not get ahead of economic fundamentals.

However, he added that the market was not overheated currently.

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Comment15

  • YKYK14
    ·2021-07-01
    Nice
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  • Tygress
    ·2021-07-01
    Always expensive
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  • rich9888H
    ·2021-07-01
    Maintaining 
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  • Alvinsan
    ·2021-07-01
    Everything expensive but salary low low low lol
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    • domL
      the truth [笑哭]
      2021-07-01
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  • Celia24
    ·2021-07-01
    Share
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  • Oldie
    ·2021-07-01
    Price stability is key 
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    • jaytoo
      Yup
      2021-07-01
      Reply
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    • pekss
      Slowing and surely rising is better than roller coaster moves to avoid cooling measures
      2021-07-01
      Reply
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    • RichyRick
      Yeah you r right
      2021-07-01
      Reply
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  • ruinsaint
    ·2021-07-01
    No foreigners. Low demand?
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  • GrantTan
    ·2021-07-01
    ?
    Reply
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    • Footixx
      ?
      2021-07-01
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  • dception
    ·2021-07-01
    Gg
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  • CharlesKing
    ·2021-07-01
    Like and comment plz???
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    • ASherlyn
      Ok
      2021-07-01
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    • Acella
      ?
      2021-07-01
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    • JAMKKT
      Ok
      2021-07-01
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  • MeNoLikeySan
    ·2021-07-01
    Dih
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  • JRenato
    ·2021-07-01
    Highly overpriced market for low quality product. 
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  • Dwnt
    ·2021-07-01
    [Miser] 
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  • yawn88
    ·2021-07-01
    Huat ar! 
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  • blackmetal
    ·2021-07-01
    Xool
    Reply
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