Singapore Private Home Prices Rise 1.4% in Third Quarter

Private residential property prices in Singapore rose 1.4% in the third quarter ending September 30, the largest increase the market has seen in nearly two years. This growth represents a significant acceleration from the 0.5% increase recorded in the second quarter.

Urban Redevelopment Authority data shows that rental prices for private residences also climbed 1.3% over the same three-month period. This marks the most substantial gain for rents in more than three years.

The housing market remains buoyant despite a recent slowdown in overall sales volume.