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Private home sales in primary, secondary markets surge

This, along with smaller declines in prices and rents, sets the stage for prices to start firming, say analysts. Some expect URA's private home price index to rise by up to 3 per cent next year, with improving sentiment and economic growth

Kalpana Rashiwala

Published Fri, Jul 28, 2017 · 09:50 PM

Singapore

LATEST official data shows a surge in private home sales across both primary and secondary market, which is seen as supporting a firming in prices.

Data from the Urban Redevelopment Authority (URA) released on Friday also showed smaller quarter-on-quarter declines in prices and rentals of private homes, offices and retail space. Vacancies continued to rise for office and retail space, however, but held steady for the residential segment.

The total number of private homes sold in both the p…

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