Singapore Landed Properties Charge Rates of 0.9% in Q1

One-North Eden Hong Leong & Mitsui Fudosan

This Graph from EDMUND TIE Indicates that the Landed Property Price Index (PPI) Enrolled a 0.9% QoQ Decrease in Q1 Depending on the URA All Residential Property Price Index.

New GLS mixed development developed by One-North Eden Hong Leong & Mitsui Fudosan target to launch in 2021.

This is the first quarter of decrease for its landed PPI following two successive quarters of growth. But, landed PPIs submitted a 3.6% YoY growth in Q1 compared to previous year.

The study notes that this is due to lockdowns in several nations, restricting short-term individuals and potential overseas homebuyers from entering Singapore.

Since the amount of new instances of COVID-19 increased since March, stepped-up limitations on individuals freedom in Singapore, for example social distancing and caps to the amount of traffic to residential showflats, have decreased leasing and purchasing activities, affecting the private dwelling trades and prices.

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