New Private Home Prices See Sharper Than Expected Jump of 3.3%
The first quarter report by the Urban Redevelopment Authority (URA) was released on 23 April 2021. A quick peek noted that the 1st quarter results posted a very much higher than expected jump of 3.3 per cent. This results surpassed the flash estimates (2.9%) as well as the fourth quarter of 2020 (2.1%).
Market watchers opined this jump to the buyers who snapped up apartments from the new launch developments during the same quarter. This quarterly rise makes it the fourth consecutive price hike since 2018 (second quarter).
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