Apartments in Singapore are getting more expensive despite the pandemic

Apartments in Singapore rose 0.3 percent in three months, according to the Urban Renewal Agency.

Despite forecasts that prices for apartments in Singapore may fall for the first time in four years, Singapore is included in the ranking smartest and most sustainable cities in the world.

The average cost of an apartment in Singapore is $14,370 per sq. m. m. A 120 sqm apartment in the center can be purchased for $1,724,760 and rented out for $4,740 per month. Thus, the yield will be 3.3 percent per annum.

According to experts, prices for apartments in Singapore could fall by 3-6 percent this year, which could spark consumer demand. The number of new homes sold rose to 998 in June from 487 in May and a six-year low of 277 in April.

In the first quarter of this year, Singapore's economy contracted by 0.7 percent year on year, against growth of 1 percent in the fourth quarter of 2019. This was the first recession since the global financial crisis. In the first quarter of this year, the Singaporean economy contracted by 0.7 percent year on year, as opposed to growing by 1 percent in the fourth quarter of 2019. This was the first recession since the global financial crisis. In the first quarter of this year, the Singaporean economy contracted by 0.7 percent year on year, as opposed to growing by 1 percent in the fourth quarter of 2019. This was the first recession since the global financial crisis.