Singapore's URA Property Index demonstrated a marked turnaround in the fourth quarter of 2024, as data updated on 2 January 2025 shows a significant upswing. The indicator reached 2.30%, a stark contrast to the previous quarter's declination where it stood at -0.70%. This quarter-over-quarter comparison illustrates a robust recovery in Singapore's property market.
The prior period's dip, recorded in Q3 2024, had raised concerns among investors and homeowners, marking a negative trend after a series of fluctuations. However, the latest figures reveal that the market has not only stabilized but is also gaining positive momentum, reflecting renewed confidence and potential growth in Singapore's real estate sector.
This upward shift in the URA Property Index indicates a rejuvenating sentiment in the property market, possibly spurred by economic policies or shifts in demand. Observers in Singapore's realty market will watch closely to see if this trend continues into the new year, potentially setting a course for a prosperous 2025 in the sector.
