Singapore Home Prices Rise for Quarter Adding to Rebound Signs

Residential prices gained 0.7 percent last quarter, data show
City’s cooling measures may limit pace of further gains

A woman rides a bicycle as a man uses a smartphone outside the SMRT Corp. Holland Village train station in the Holland Park area of Singapore, on Monday, June 5, 2017. After two years of below-par growth, economists and even Singapore's government are becoming more positive on the city-state's outlook. While it's not boom time yet, the consensus is that 2017 growth will come in higher than last year’s 2 percent.Photographer: Sanjit Das/Bloomberg

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By Pooja Thakur Mahrotri

January 2, 2018 at 1:18 AM UTC

This article is for subscribers only.

Singapore home prices rose for a second straight quarter, reinforcing signs the city-state’s property market is emerging from a four-year slump.

An index tracking private residential prices rose 0.7 percent in the three months ended Dec. 31, building on a 0.7 percent gain the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Tuesday. For 2017, prices rose 1 percent compared to a 3.1 percent decline in 2016, the data showed.