Performance of STI, private home resale market took different paths during pandemic
Private residential market resilience due to Singaporeans looking for investment, demand from HDB upgraders
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PRICES of private homes in the resale market proved more resilient than the Straits Times Index (STI) in 2020 as home prices rebounded to end-2019 levels in the months following the circuit breaker.
According to data from the National University of Singapore's Institute of Real Estate and Urban Studies (IREUS), the prices of completed homes - represented by the Singapore Residential Price Index (SRPI) - fell less sharply and recovered more quickly than the STI last year.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
