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Singapore Home Prices on the Rise Again One Year After Curbs

  • Private apartment prices gained 1.5% in the second quarter
  • Minister Wong said in May cooling measures had desired effect
Residential buildings in Singapore.

Residential buildings in Singapore.

Photographer: Ore Huiying/Bloomberg
Updated on

Private-home prices in Singapore are on the rise again just one year after the government introduced curbs to cool the market.

Dwelling values jumped 1.5% in the three months through June 30, the steepest gain since the second quarter of 2018 and more than the 1.3% in the government’s earlier flash estimate, according to final data from the Urban Redevelopment Authority released Friday.