Tag: property prices

prime location condos prices q2 2020

Prime location condo prices show immunity to Covid-19, here’s why.

Despite restrictions on in-person property viewing for most of the second quarter, both private home prices posted price gains for Q2 2020, according to data published by the Urban Redevelopment Authority (URA) on 24 July. Prices of private residential properties increased overall by 0.3% in Q2 2020, bucking a 0.9% decline in Q1. An exception…

private home prices singapore fall q1 2020

Private home prices in Singapore fall in Q1 2020: What’s next?

Private home prices in Singapore fell 1.2% overall in Q1 2020 compared to the previous quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on 1 April 2020. The first three months of 2020 saw a major “black swan” event: the global spread of the Covid-19 pandemic. The pandemic and the ongoing…

china property market rebound

A sign for SG? China property market rebounds after lockdown

After nine weeks of complete lockdown, most people would have expected China’s property market to crumble like cottage cheese. But the latest data from the country shows otherwise: Prices of newly launched homes across 70 major cities in China, excluding state-subsidised housing, rose 0.13% overall in March 2020. Meanwhile, values for resale (second-hand) homes, which…

ura property price index q1 2020 flash estimate

Why was URA’s Q1 2020 Property Price Index ‘not as bad’ as expected?

On 24 April 2020, the Urban Redevelopment Authority (URA) released its final quarterly report showing a 1% drop in its Property Price Index for private residential property in Singapore. While many real estate industry insiders had expected Q1 2020 private property prices to fall by greater than the 1.2% as reported by earlier URA flash…

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