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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
Views of Singapore as Prime Minister says Covid-19 to ‘Weigh Heavily’ on City-State's Economy
Photographer: Wei Leng Tay/Bloomberg
Updated on

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.