Singapore Home Prices Rise Most Since 2018; Curbs May Loom
- Private house values jumped 3.3% in the first quarter
- There is speculation that steps may be imposed to cool market
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Singapore’s property frenzy continued last quarter as home prices grew more than expected, fueling concerns that authorities may step in to cool the market.
Private property values increased 3.3% in the three months through March, the Urban Redevelopment Authority said on Friday. That’s higher than the preliminary estimate of 2.9% and the biggest gain since the second quarter of 2018.