27.07.201806:58:00UTC+00Singapore House Price Growth Moderates In Q2

Singapore house prices increased at a slower pace and transaction volume increased in the second quarter, the Urban Redevelopment Authority reported Friday.

House prices increased 3.4 percent sequentially, slower than the 3.9 percent rise in the first quarter.

Prices of landed properties advanced 4.1 percent and that of non-landed properties gained 3.2 percent.

Meanwhile, developers sold 2,366 private residential units in the second quarter, compared with the 1,581 units sold in the previous quarter.

The government, earlier this month, 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.