In the second quarter, resale HDB flats’ prices increased 2.6% compared with 2.4% in the first quarter

While prices for private residential properties rose 3.2%, which is an almost five times increase of the 0.7% inflation in the previous quarter. In tandem, rentals have also increased by 20-40%. We ask Alan Cheong, Executive Director of Savills Singapore why the Singapore property is so hot and will this trend continue.