Citing statistics from the Urban Redevelopment Authority, private residential property
prices rose 3.3% q-o-q in 1QFY2021, compared to a 2.1% rise in 4QFY2020.
UOB Kay Hian analysts Adrian Loh has warned of possible cooling measures in the Singapore property market, saying in a April 27 note that “The strength in the Singapore property market, evidenced by strong sets of data in the past two weeks, has manifestly increased the chances that the government will implement cooling measures in the near term, in our view.
“In our view, price increases of this magnitude may be politically unpalatable and reinforces our expectation for cooling measures,” he says.
