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SINGAPORE PROPERTY

Q3 private home prices up; new home sales double over previous quarter, but rents are down

Net absorption of private residential property stays in negative territory, reaching all-time low of minus 2,605 units

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With the acceleration of launches in Q3, new private home sales also doubled to 3,517 in Q3 2020 from 1,713 units in Q2 2020.

Singapore

A SHARP rebound in private home sales in both primary and secondary markets in the third quarter underpinned continued gains in the official private home price index, but it was a different story in the leasing market.

Private housing rents in Singapore continued to...

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