Economics
Singapore Home Price Growth Quickens, Stoking Worries of Curbs
- Private house values jumped 2.9% in the first quarter
- Rising prices stoking concerns of new cooling measures
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Singapore home prices grew at a faster pace last quarter, stoking concerns that the government could join other nations that are introducing measures to calm the property market.
Private property values increased 2.9% in the three months ended March 31, preliminary figures from the Urban Redevelopment Authority showed Thursday. That’s the biggest gain since the second quarter of 2018.