Singapore private home prices up 3.4% in Q2

Private residential prices in Q2 continued their recovery with its fourth straight quarter of increase as transaction volumes also soared, but the impact of cooling measures that took effect early July will likely moderate growth for the rest of the year, analysts said. The 3.4 per cent increase this quarter announced by the Urban Redevelopment Authority (URA) this morning was in line with earlier flash estimates, and comes after a 3.9 per cent jump in the first quarter. This means that private home prices rose by a cumulative 7.4 per cent in the first half of 2018. All segments of the market recorded price increases in Q2. Landed properties led the way by rising by 4.1 per cent, compared with the 1.9 per cent increase in the previous quarter. Prices of non-landed properties rose by 3.2 per cent, compared with the 4.4 per cent increase in the previous quarter.