RISE IN PRIVATE HOMEPRICES

A flash estimate by Singapore’s Urban Redevelopment Authority (URA) reveals that the price index for private residential property increased by 2.1% in the 4th Quarter of 2020. This rise comes after a surge in the price index for non-landed property, which can be attributed to a general optimism towards an economic recovery. Sales at new launches like The Ling @ Beauty World and Clavon contributed to this increase. JLL extrapolates that this trend is likely to continue into 2021. jll.com.sg