Singapore: Strengthening economy expected to support price growth in 2020

Dr Lee Nai Jia assesses current market conditions across Singapore’s residential market. Non-landed residential properties witnessed price rises of 1.5% in 2019 with new-build homes outperforming existing homes. In 2020, Dr Nai Jia expects the price of private residential homes to increase by between 2% and 5% on the back of the anticipated improvement in Singapore’s economy.