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Further home price spikes may spell risk of renewed cooling measures

Most analysts believe that the 3.1% q-o-q hike in URA's private home price index in Q1 is an indication of stronger price upside in 2018

"Unless we see the bullish sentiment in the private housing market spill over to the HDB resale side, the government will probably continue to take a wait-and-see approach." - CIMB's Song Seng Wun.

"Interventions are necessary to ensure home prices grow in tandem with income growth, which is crucial in ensuring private homes remain accessible to aspiring home upgraders." - Knight Frank's Alice Tan.


SEVERAL more quarters of private home price increases of the magnitude seen in the first quarter could leave the property market here staring at the possibility of fresh cooling measures, industry players say.

While the immediate risk of that is low, the surprise 3.1 per...

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