New Private Home Prices See Higher Than Expected Jump of 3.3%
On 23 April, the Urban Redevelopment Authority (URA) released the report for the first quarter report. One quick browse of the report found that the 1Q2021 report jumped 3.3% and this was very much higher than what was estimated or expected. A quick comparison saw that the Q1 results exceeded the 2.9% flash estimates as well as the 2.1% reported in the fourth quarter of 2020.
Observers pointed this jump to the buyers who grabbed purchases of units from the new launch projects during the quarter. Looking back and counting, the 1Q2021 quarterly rise is the 4th consecutive price jump since 2Q2018.
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