Private home prices slow sharply to 0.5% rise in Q3 after cooling measures: URA flash data
Due to the impact of cooling measures on July 5, the private property home prices modestly rise 0.5% in Q3, according to a flash estimate by URA. This muted growth sharply contrasted the prices increment of 3.9% and 3.4% in Q1 and Q2 respectively. However, investors take heart that prices are now growing at a more gradual pace due to government intervention. Several project launch dates were postponed due to this outcome.
Source – The Straits Times
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