Despite the travel restrictions and several months of lockdown, URA data show a marginal increased of 0.3% in the second quarter of this year, a stark contrast from the 1% decline in the first quarter and not too different from the 1.2% increase from second quarter a year ago. This turnover is likely from the pent-up demand due to showflat closures in the earlier months. Overall, prices of private residential properties only registered a slight decline of 0.7% in the first half of this year, showing much resilience despite the global pandemic situation.
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