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
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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.
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