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Singapore Home Prices Post Biggest Jump in Almost Eight Years

By Andrea Tan
April 2, 2018, 9:24 AM GMT+8

Singapore private home prices surged the most since 2010 as the property market staged a recovery from a four-year slump.

An index tracking private residential prices jumped 3.1 percent in the three months ended March 31, according to a flash estimate from the Urban Redevelopment Authority, building on a 0.8 percent gain the previous quarter. That’s the biggest quarter-on-quarter gain since the three months ended June 2010.

Home prices have rebounded in the past three quarters, prompting aggressive land bids from developers as the property market shrugged off cooling measures ranging from additional taxes to limits on loans. The government in February raised taxes on home purchases exceeding S$1 million ($764,000) as the collective apartment sales market reached levels described as exuberant by the central bank.

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Despite warning from minister and tax hike , market us still heading north . Need more cooling measues ?
a lot of en-blocs = a lot of rich pte owners looking for new condos!! Big Grin cannot ask them to buy BTOs HDBs rite???
buy-buy-buy!!! Big Grin