Singapore private home prices rise by faster 0.8% in Q3 amid recession, rents dip 0.5%: URA

SINGAPORE – Private home prices in Singapore rose 0.8 per cent in the third quarter from the previous three months, defying a Covid-19 recession, according to final data from the Urban Redevelopment Authority (URA) on Friday (Oct 23).

The 0.8 per cent gain in the third quarter of 2020 was unchanged from URA’s flash estimate released on Oct 1.

It comes after a 0.3 per cent increase in the second quarter of this year and a 1 per cent drop in the first quarter, the first quarterly decline in a year.

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