FX.co ★ Singapore's URA Property Index Halves in First Quarter of 2024

Singapore's URA Property Index experienced a significant drop in the first quarter of 2024, with the indicator plummeting from 2.8% to 1.4%. The data, updated on 26 April 2024, reveals that the index has halved compared to the previous period. The Quarter-over-Quarter comparison shows a stark contrast in performance, signifying a notable slowdown in the Singaporean property market. This decline may have implications for investors, homeowners, and the overall economic landscape in Singapore. Stay tuned for further developments in the real estate sector as experts analyze the potential causes and effects of this dramatic downturn.