Private property price growth eases in Q3 following cooling measures

Singapore

PRIVATE homes prices grew at a slower pace in the third quarter as the latest property cooling measures kicked in, although the top end of the market proved to be more resilient.

Prices edged up 0.5 per cent - in line with earlier flash estimates - in Q3, compared to an increase of 3.4 per cent in the previous quarter, according to the latest report from the Urban Redevelopment Authority (URA).