Singapore’s home prices bounce to five-year high

Private home prices in Singapore bounced to a five-year high in the second quarter of this year, reported the Urban Redevelopment Agency (URA) on July 1.

Tuesday, July 02, 2019 16:20

Singapore’s home prices bounce to five-year high ảnh 1

Illustrative image (Source: straitstimes)

Singapore (VNA) - Privatehome prices in Singapore bounced to a five-year high in the second quarter of thisyear, reported the Urban Redevelopment Agency (URA) on July 1.

The private residentialproperty index rose 1.3 percent to 150.5 points, the highest since thefirst quarter of 2014. The figure fell by 0.7 percent in the first quarter.

Prices ofnon-landed private residential properties rose by 1.5 percent in the CoreCentral Region (CCR) compared to a 3 percent fall in the previous quarter.

Head ofOrangeTee & Tie research and consultancy Christine Sun said the uptrend iswithin expectation as new homes sales currently form the lion's share of theproperty market and many new projects are selling at new benchmark prices fortheir locations in recent months.

Severaleconomists said underlying demand isstill very resilient despite the cooling measures issued by the government lastyear.

OrangeTee& Tie forecast that home prices will increase by 1-3 percent this year.

CBRE's headof research for Singapore and Southeast Asia Desmond Sim forecast thathousing market will remain stable in mid and long-term.-VNA

VNA

#private home prices #Vietnamplus #Vietnam News Agency #Urban Redevelopment Agency #private residential property index #Core Central Region #CBRE Singapore

See more

Energy and Mineral Resources Minister Bahlil Lahadalia (Left on first row) reviewed the distribution control center at PLN's Distribution Management Unit, Surabaya, East Java, on March 25. (Photo: ANTARA)

Indonesia expands EV charging network for Eid homecoming

27/03/2025 00:35

At least 3,500 public EV charging stations will be set up to support travellers during the Eid al-Fitr homecoming in Indonesia.

ASEAN Secretary General Dr Kao Kim Hourn (L) and Indonesian Foreign Minister Sugiono (Photo: asean.bernama.com)

ASEAN Secretariat pledges support for ASEAN Community Vision 2045

26/03/2025 20:59

The ASEAN Community Vision 2045 and its strategic plans are expected to be adopted at the upcoming 46th ASEAN Summit in Kuala Lumpur, Malaysia, in May.

Indonesia's Minister of Communication and Digital Affairs, Meutya Hafid (right) meets with Secretary of China’s Nanning Municipal Party Committee Nong Shengwen in Jakarta on March 25. (Photo: Antara)

Indonesia, China cooperate in digital technology

26/03/2025 15:48

This was the centre of discussion between Indonesian Communications and Digital Affairs Minister Meutya Hafid and visiting Secretary of China’s Nanning Municipal Party Committee Nong Shengwen on March 25.

Thai Prime Minister Paetongtarn Shinawatra (R) in Parliament on March 26 (Photo: Royal Thai Government)

Thai PM sails through no-confidence vote

26/03/2025 14:49

Thai Prime Minister Paetongtarn Shinawatra survived a no-confidence vote in the parliament on March 26, winning the backing of 319 among 488 lawmakers present.

President Prabowo Subianto (R) and NDB President Dilma Vana Rousseff at their joint press conference (Photo: antara)

Indonesia decides to join BRICS New Development Bank

26/03/2025 13:49

The decision follows Indonesia's success in gaining a full BRICS membership earlier this year.

Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali (left) inspecting a package of rice during a visit to the sales booth at the ministry’s monthly assembly and Ihya Ramadan programme in Putrajaya. (Photo: New Straits Times)

Malaysia ensures goods supply during Muslims’ biggest festival

26/03/2025 11:09

He said Rahmah Madani sales, aimed at alleviating the cost of living burden, are being held at various locations across the country, including supermarkets, retail premises, and mobile units.

Thailand steps up crackdown on online e-cigarette smuggling

26/03/2025 05:09

From March 2024 until March 19, 2025, the ministry blocked 9,515 URLs that sell or import e-cigarettes. Some 9,200 X accounts, 235 websites, 28 Facebook accounts, 12 Instagram accounts and 14 TikTok accounts were closed.

Thailand’s coastline at risk as world's largest iceberg melts

26/03/2025 03:11

Rising sea levels as a result of the rapid melting of the world’s largest iceberg is putting Thailand's coastline at risk of disappearance within the next two and a half decades.

Singapore embraces technology for safer maritime operations

25/03/2025 23:03

Speaking at the Accelerating Digitalisation and Decarbonisation Conference, part of the Singapore Maritime Week, Khor also highlighted plans to expand drone services in the Port of Singapore, including coordinated drone operations to help contain toxic and flammable fumes during chemical spills at sea.

Laos hit by hazardous air pollution levels

25/03/2025 21:30

The capital city of Vientiane, and the provinces of Xieng Khuang and Sekong also saw PM 2.5 levels surpassing 260 micrograms per cu.m, reaching hazardous levels.

The headquarters of the Monetary Authority of Singapore (Photo: MAS)

Singapore’s core inflation falls in February

25/03/2025 10:54

Economists said Singapore's inflation will continue to ease in the months ahead, with a chance that consumer prices might even drop if the global economy takes a sharp turn downwards.

A screenshot of the sub-web (Photo: VNA)

Cuban newspaper launches special sub-web marking 65 years of Vietnam-Cuba ties

25/03/2025 10:14

The sub-web, titled “Cuba y Vietnam: Lo del andar” (Cuba and Vietnam: Shared Journeys), launched on March 24, aspires to be the most vivid living museum of this time-honoured friendship.

Cambodia reports third fatal human H5N1 case of the year. (Photo: cidrap.umn.edu)

Cambodia reports new death of H5N1 influenza

25/03/2025 09:50

H5N1 influenza normally spreads between sick poultry, but it can sometimes spread from poultry to humans.

Solar panels in Indonesia. (Photo: Shutterstock)

Indonesia keeps commitment on energy transition

25/03/2025 08:16

The US withdrawal from the Just Energy Transition Partnership (JETP) will not reduce the nine other countries' commitment to support Indonesia to achieve the net-zero target date by 2060.

An EV model in Malaysia (Photo: carsifu.my)

Malaysia’s electric vehicle sales surge

25/03/2025 07:11

The EV sales in Malaysia jumped from 850 in 2021 to 2,631 units in 2022, 10,159 units in 2023, and 14,800 units in 2024.

Singapore experiences warmest year on record in 2024

25/03/2025 05:09

While climate change contributed to warmer temperatures, climate variability in 2024 also played a role, according to the Singaporean National Environment Agency.

Indonesia's Ministry of Transport has prepared 30,451 buses to serve the homecoming flow. (Photo: VNA)

Indonesia gears up for Idul Fitri celebrations

25/03/2025 03:09

The Indonesian government has implemented measures to ensure stable prices and adequate supplies before Ramadan and particularly for Idul Fitri. Essential commodities including rice, cooking oil, sugar, and meat have seen increased supply to meet heightened holiday demand.