BFM 89.9
The Business Station
Singapore Property Market Nicely Cocooned
12 mins
·
07:30, 6 Jul 2022
·
Recommended
20 mins
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21 mins
Guest: Alan Cheong (, Executive Director), Savills Singapore
In the second quarter, resale HDB flats’ prices increased 2.6% compared with 2.4% in the first quarter
While prices for private residential properties rose 3.2%, which is an almost five times increase of the 0.7% inflation in the previous quarter. In tandem, rentals have also increased by 20-40%. We ask Alan Cheong, Executive Director of Savills Singapore why the Singapore property is so hot and will this trend continue.
Presenter: Wong Shou Ning, Shazana Mokhtar
Producer: Philip See, Moh Heng Ying
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