Singapore private home prices may jump 6-7% this year, analysts say

THE private housing market in Singapore may well end this year on a high note, as the economy continues to recover while the luxury and rental segments could enjoy a boost from foreign demand, analysts said.

This comes as overall prices of private residential properties islandwide clocked their sixth consecutive quarterly growth, undeterred by tightened pandemic-related measures during the July-September period. The latest figures for Q3 2021 are also 6.9 per cent above the previous peak in Q3 2013.

Property analysts are anticipating a full-year price gain of between 6 per cent and 7 per cent for 2021. If achieved, that will surpass the increases of 2.2 per cent in 2020 and 2.7 per cent in 2019.