Singapore home prices climb to record
- Published: 1 Jul 2013 at 13.34
- Online news:
Singapore home prices climbed to a record in the second quarter as gains in suburban housing values accelerated, leading to new government measures on property loans at the end of last week.
Traffic travels along the Benjamin Sheares Bridge, past a condominium development, in Singapore. (Bloomberg photo)
The island state's private residential property price index rose 0.8% to 214.9 points in the three months ended June 30, extending a 0.6% increase in the first quarter, according to preliminary estimates released by the Urban Redevelopment Authority on Monday. The pace of gain in suburban home prices more than doubled from the previous three months.
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