Singapore Home Prices Jump Beyond Estimates on Sales Flurry

Singapore private home prices rose more than initially estimated in the first quarter, as a rush for new projects continued to buoy the local market.

Prices climbed 0.9% from the previous three months, according to final figures from the Urban Redevelopment Authority released Friday. That’s more than the 0.3% preliminary reading. Analysts expected the upward revision after a flurry of sales toward the end of March.