Singapore's Home Prices Rebound on Year-End Sales Boom [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Detroit's Michigan Central Is the Building Revival Story of 2024 Burned Out Parents Need Better Public Spaces A Commuting Resolution for 2025: Ride Your Local Subway or Bus Private residential prices rose 2.3% in the last quarter of 2024 compared with the previous three months, according to preliminary estimates from an index released on Thursday by the Urban Redevelopment Authority. That reverses a 0.7% drop in the third quarter, and is the largest increase in a year. Home prices for the whole year rose 3.9% based on preliminary numbers, marking the eighth consecutive year of increases. For most of 2024, Singapore's private property market saw a slowdown, partly because developers held back on major project releases. A year-end rush of sales along with cheaper borrowing costs changed the dynamic. In November, developers sold the most private units in a single month since 2013. That's prompted analysts including those from Barclays Plc and Citig
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