Singapore, 31 Mar 2022 Singapore's property market has been buoyant despite the pandemic. Billions dollars in government stimulus, all-time low interest rates and a recuperating economy pushed prices of properties higher across the island. Many local and foreign investors parked their funds in our real estate market as Singapore is considered as a safe haven.
A rush in buying activity was noticed across many segments of the housing market last year. Overall prices of private residential properties rose to a record high, according to data from the Urban Redevelopment Authority (URA).