Tuesday , December 18 2018

Singapore home prices rise despite curbs


Singapore private home prices are still inching higher —albeit at the slowest pace in five quarters — even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilising to the city-state’s economy.
An index tracking private residential prices increased 0.5 percent in the three months ended September 30 compared to a 3.4 percent advance in the June quarter, according to a flash estimate from the Urban Redevelopment Authority on Monday. That adds to a 9.1 percent gain in the year through June.

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