Agent.sg / Property news / Unemployment rate rose to 2.4 as private home sales declined in Q1

Unemployment rate rose to 2.4 as private home sales declined in Q1

Fresh property news selection on July 08. 2020, Wednesday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.


Over-all sales declined to 2,148 from 9,912.

07.08.

The unemployment rate rose 1 percentage point (ppt) Q1 to 2.4% compared to 2019, as overall sales of private new homes declined from 9,912 to 2,148 over the same period.

In view of the weak economic outlook, a key downside risk on home demand and prices is the unemployment rate in Singapore as job and income security have been a rising concern in a pandemic-hit world. Data showed that unemployment rate correlates closely with home purchase, barring some exceptions.

Read the full article here »


Freshest Property News from Singapore


Interesting Stories Related Singapore


Summer Bedroom Decorating Tips


Sustainability in Home Renovation


Previous news selection

Residential property market's outlook remains positive


Guest blogging

Are you an aspiring writer and especially interested in real estate? Become a Guest Blogger here, on Agent.sg. Choose a topic which suits your field of expertise and our profile as well, then create your blog post and send it to our email address [email protected]. For more information, visit our Guest Blogging Subpage.

About Agent.sg Daily Property News Selection

Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.

Contribute

If you also want to share an amazing article that you come across and it fits in the real estate / economy topics, just let it us know in e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at [email protected]. Some references would also be highly welcome to send us from among your previous publications.

Advertise

Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at [email protected] and our colleague will get in touch with you.