01.10.201801:33:00UTC+00Singapore Home Price Growth Eases In Q3

Singapore home prices increased at a slower pace again in the third quarter after the government took measures to cool the property market, flash estimate from the Urban Redevelopment Authority showed Monday.

House prices climbed 0.5 percent on quarter, compared to the 3.4 percent increase in the second quarter.

Prices of non-landed private residential properties increased 1.2 percent in core central region, while that in the rest of central region dropped 0.8 percent. Prices in outside central region gained 0.1 percent.

In July, the government tightened its property market rules to keep price increases in line with economic fundamentals. Stamp duty was lifted and loan-to-value limits were raised.