Singapore Home Prices Climb to Record as Loan Curbs Imposed
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Singapore home prices climbed to a record in the second quarter as gains in suburban housing values accelerated, leading to new government measures on property loans at the end of last week.
The island state’s private residential property price index rose 0.8 percent to 214.9 points in the three months ended June 30, extending a 0.6 percent increase in the first quarter, according to preliminary estimates released by the Urban Redevelopment Authority today. The pace of gain in suburban home prices more than doubled from the previous three months.