Singapore private home prices appreciated 1.5 per cent in 2Q 2019 over the same period last year, following a 0.7 per cent decline in 1Q 2019.
The increase was driven partly by higher land costs, which in turn translated to higher launch prices, particularly in the Rest of Central area with a 3.5 per cent quarter-on-quarter rise in price.
The outside central region went up 0.4 per cent to follow a 0.2 per cent lift in the first quarter.
The core central region increased 2.3 per cent, a turnaround from the 3 per cent decline in the first quarter, according to Urban Redevelopment Authority (URA) figures.
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