Singapore Home Prices Resume Rising in Sign of Lasting Boom
- Market has withstood curbs and defied slump in other nations
- ‘There is still latent demand,’ Savills researcher says
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Singapore home prices rebounded last quarter after their first drop in three years, in a sign of the persistence of a property boom that has gripped the city-state for years.
Private home valuations rose 0.5% from the previous three months, reversing a 0.2% drop in the second quarter, initial estimates from the Urban Redevelopment Authority showed Monday.