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Singapore Home Sales Drop for Third Month Due to Virus Curbs
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19 million-dollar flats sold as HDB resale prices rise in June
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Sky-high prices: The construction of new private residential properties in Singapore. The property market in the republic has been hot in the past year. Reuters
SINGAPORE: Singapore’s housing boom took a breather last quarter, after a return to lockdown conditions eased price growth.
Private property values increased 0.9% in the three months through June from the previous quarter, when they rose 3.3%, preliminary estimates from the Urban Redevelopment Authority showed yesterday.
It was the first time price growth slowed in five quarters.
The respite for buyers may be short-lived given that it was driven by stricter social-distancing measures imposed temporarily in May to curb a Covid-19 outbreak, said Nicholas Mak, the Singapore-based head of research and consultancy at APAC Realty Ltd unit ERA.
HDB resale prices up 2.8% in second quarter: Flash estimates Toggle share menu
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HDB resale prices up 2.8% in second quarter: Flash estimates
File photo of an older Housing and Development Board (HDB) block in Singapore. (Photo: Alif Amsyar)
01 Jul 2021 11:45AM) Share this content
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SINGAPORE: Resale prices in the public housing market rose 2.8 per cent in the second quarter of 2021, according to flash estimates released by the Housing and Development Board (HDB) on Thursday (Jul 1).
The resale price index, which provides information on the general price movements in the resale public housing market, rose from 142.2 to 146.2, the HDB estimates showed.
Singapore s private home prices up 0.9% in Q2, fifth consecutive quarterly rise Toggle share menu
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Private property in Singapore (File photo: Gaya Chandramohan)
01 Jul 2021 11:11AM) Share this content
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SINGAPORE: Singapore s private home prices rose 0.9 per cent in the second quarter from the previous three months, flash estimates released by the Urban Redevelopment Authority (URA) showed on Thursday (Jul 1).
The increase slowed from the two-and-a-half-year high pace in the first quarter, when prices rose by 3.3 per cent. However, it still marked the fifth consecutive quarterly rise, and came despite Singapore reimposing some COVID-19 curbs to combat a spike in community infections in mid-May.
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