29 May '13, 10am

Impact of cooling measures in Singapore still unclear

May 29, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Romesh Navaratnarajah : It remains unclear whether the government’s seventh round of cooling measures have achieved its desired result of mitigating home price inflation, said a report from the National University of Singapore’s Institute of Real Estate Studies. This is based on its latest Singapore Residential Price Index (SRPI) which monitors prices of completed non-landed private homes, excluding executive condominiums (ECs). Resale prices of such homes rose 1.9 percent in April from March, building on the 1.1 percent gain seen in the previous month. Meanwhile, prices increased across Singapore, with the non-central region recording the highest growth of 2.4 percent, a reversal of the 0.2 percent dip in March. Home prices in the central region also climbed 1.3 percent, extending the 2.8 perc...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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