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Analysts debate cooling measures, as Singapore Q2 flash private home prices up for fifth straight quarter

Published Thu, Jul 1, 2021 · 09:29 AM

PROPERTY analysts continue to debate the odds of cooling measures and how targeted they would be, with Singapore's Q2 private home prices rising for the fifth straight quarter, flash estimates showed on Thursday.

It comes too as Singapore's central bank flagged this week that it is watching closely the risk of runaway housing prices, relative to income gains.

Conversations resurfaced after the Urban Redevelopment Authority (URA) released flash figures, which estimated that the overall residential price index in Q2 2021 rose by 0.9 per cent for the second quarter from Q1 2021. The quarter's gain comes after Q1 2021 saw a 3.3 per cent rise.

For the half year, prices increased by 4.3 per cent. Meanwhile, they rose 7.3 per cent compared to Q2 2020, when the "circuit-breaker" period began on April 7 last year, …