Singapore Private Home Prices Fall 1.2% Q-o-Q In Q1 2020: URA Flash Estimate


First Quarter 2020 private non-landed prices fell by 1.2% quarter-on-quarter, with core central region properties taking the lead followed by the other two regions.  Analysts and industry players expect URA overall index to drop 2% to 3% this year as Singapore heads into a recession with weak buying sentiments until the labour market uncertainty eases.  However, they expects prices to prove more resilient as compared to past recessions.

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