Private Home Prices increased by 2.1% in 4Q2020

4th Quarter 2020 Home Price Index

Private home prices in Singapore increased by 2.1 percent quarter-on-quarter in the fourth quarter of 2020, in line with a preliminary estimate and after a 0.8 percent growth in the previous period. This was the third straight quarter of increase in private home prices, as the government reopen the economy following a COVID-19 crisis. Prices of non-landed properties surged 3.0 percent, after increasing by 0.1 percent in Q3, while those of landed property dropped 1.6 percent, following a 3.7 percent rise in Q3. For 2020 full year, private home prices rose by 2.2 percent, compared with the 2.7 percent increase in 2019.

Source: tradingeconomics.com

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