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Singapore private home prices rose 3.3% in Q1 compared to the preceding three months
In today’s roundup of regional news headlines, Singapore’s surging home prices stoke fears of government intervention, Causeway Bay cedes its title of APAC’s most expensive shop location to another Hong Kong district, and private equity major Blackstone’s market value tops $100 billion on strong first-quarter earnings.
Singapore’s property frenzy continued last quarter as home prices grew more than expected, fuelling concerns that authorities may step in to cool the market.
Private property values increased 3.3 percent in the three months through March, the Urban Redevelopment Authority said on Friday. That’s higher than the preliminary estimate of 2.9 percent and the biggest gain since the second quarter of 2018.