Economic Buzz: Singapore House Price Inflation Growth Rises In Q2

22 Jul 2022 , 01:19 PM

Singapore house price inflation accelerated more than initially estimated in the second quarter, the Urban Redevelopment Authority reported. House prices grew 3.5 percent sequentially, faster than the 0.7 percent rise in the previous quarter. The growth rate for the second quarter was revised up from 3.2 percent. The increase in prices of landed properties slowed to 2.9 percent from 4.2 percent. At the same time, non-landed property prices advanced 3.6 percent, reversing a 0.3 percent fall. Powered by Commodity Insights