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SINGAPORE: Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July’s sales marked an 8.2 per cent jump from the 998 units transacted in June, which was itself an increase from the preceding month. One analyst attributed the demand to investors looking to park their money in safe-haven assets.  “Investors continue to throng the property market … amid the growing economic uncertainties and turbulent equity markets,” said Ms Christine Sun, head of research and consultancy at OrangeTee. “Some buyers may be capitalising on the falling interest rates to lock-in lower …

On a quarterly basis, private home prices climbed 0.5% in the fourth quarter of 2019, continuing the 1.3% increase seen in the previous quarter. The private homes prices in Singapore rose 2.7% in 2019, down from the 7.9% hike previously registered in 2018, according to the latest private home price index by the Urban Redevelopment Authority (URA) on Thursday (23 January). On a quarterly basis, private home prices climbed 0.5% in Q4 2019, compared to the 1.3% increase seen in the previous quarter. Prices of landed homes meanwhile, increased 3.6% in Q4 2019, in contrast to the 1% increase registered in Q3 2019. Prices of non-landed homes dipped 0.3%, reversing the 1.3% hike posted previously. Overall, 2019 saw landed home prices increase by 5.7%, while …