Singapore’s private home prices climbed 2.7% to a record in the fourth quarter even as the government introduced more measures to cool the market.
The home-price index climbed to 194.8 points from 189.6 in the three months ended Sept. 30, the Urban Redevelopment Authority said in an e-mailed statement today. That’s the sixth quarter-on-quarter advance.
The home-price index climbed to 194.8 points from 189.6 in the three months ended Sept. 30, the Urban Redevelopment Authority said in an e-mailed statement today. That’s the sixth quarter-on-quarter advance.
Singapore in August increased down payments for second mortgages and imposed a stamp duty on property held for less than three years to curb speculation. Housing sales increased as economic growth rebounded last quarter, capping the biggest annual increase in output since independence in 1965.
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