Economics
Singapore Property Market Weathers Recession as Home Prices Rise
- House values gained 0.8% in third quarter, data shows
- Analyst forecasts prices could rise up to 1.5% this year
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Singapore home prices rose last quarter as low interest rates and huge government stimulus helped the property market weather the city-state’s worst recession.
Property values increased 0.8% in the three months ended Sept. 30, according to the Urban Redevelopment Authority’s preliminary estimate released Thursday.