Singapore Home Prices Jump More Than Expected as Market Holds Up
- Private home values climbed 3.8% in the third quarter
- City-state’s property market is defying rising interest rates
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Singapore home prices rose more than initially estimated in the third quarter, underscoring the market’s resilience to rising interest rates.
Private property values climbed 3.8%, more than the preliminary estimate of 3.4%, according to final data released by the Urban Redevelopment Authority on Friday. Prices jumped 3.5% in the second quarter.