Regardless of Singapore’s financial downturn and also downside threats ahead, private residence prices increased for the second consecutive quarter, with a minimum of one expert claiming this could trigger the government to react with even more cooling measures.
The overall price index of 3rd quarter of 2019 for private residences increased 0.9 percent over the preceding quarter, estimated by the Urban Redevelopment Authority’s Flash. This adheres to the 1.5 percent quarter-on-quarter rise in the 2nd quarter of this year.
Year on year, the index is up 1.7 percent, according to the URA flash information launched} on Tuesday early morning.
It additionally revealed the 3rd quarter price surge was driven by those of non-landed private residences, whose prices increased 1.7 percent quarter on quarter, after raising 2.0 percent in the previous quarter.
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