Singapore's Q3 private home prices rise 0.5%

Singapore's Q3 private home prices rise 0.5%

SINGAPORE - Prices for private residential homes rose 0.5 per cent in the third quarter this year, according to flash estimates by The Urban Redevelopment Authority (URA).

Prices of non-landed private residential properties rose 0.2 per cent in the core central region.

Prices in the rest of the central region rose 0.7 per cent, while home prices outside the central region rose 1.0 per cent.

The Housing Board said separately that resale prices of flats rose 2.0 per cent in the third quarter from the previous three-month period.

URA will release detailed data towards the end of the month.

Singapore private home sales dropped 27 per cent in August from July to the lowest level in two months.

The drop was partly due to the Chinese Hungry Ghost Month which typically sees fewer buyers.

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