Singapore Q2 private home prices surprise with 0.3% uptick
But analysts expect economic headwinds and weaker employment prospects to put downward pressure later in the year
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Nisha Ramchandani
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Singapore
PRIVATE home prices in Singapore edged up 0.3 per cent in a surprising turnaround from an initial flash estimate in early July which had the private residential property index declining by 1.1 per cent.
However, this may be a one-off as most analysts expect economic headwinds and weaker employment prospects to put downward pressure on prices and volumes this year.
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