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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

Nisha Ramchandani

Published Fri, Jul 24, 2020 · 09:50 PM

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.