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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

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.