{"id":27120,"date":"2023-04-28T01:21:35","date_gmt":"2023-04-28T01:21:35","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/singapore-private-residential-prices\/"},"modified":"2023-04-28T01:24:05","modified_gmt":"2023-04-28T01:24:05","slug":"singapore-private-residential-prices","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/singapore-private-residential-prices\/","title":{"rendered":"Singapore private residential prices rise 3.3% in Q1, signals strong demand"},"content":{"rendered":"

(Corrects to restore dropped word in first paragraph)<\/p>\n

SINGAPORE (Reuters) – Singapore’s private property prices rose in the first quarter, official data showed on Friday, slightly higher than the flash estimate, reinforcing a months-long robust demand that has forced authorities to introduce tough new cooling measures. <\/p>\n

Singapore’s private residential property price index rose 3.3%% in the first quarter, compared with 3.2% in the flash estimates, and much higher than the 0.4% increase in the previous quarter. <\/p>\n

Rentals of private residential properties increased by 7.2% in the first quarter of 2023, a marginal moderation from the 7.4% increase in the previous quarter. <\/p>\n

Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including a doubling of stamp duties for foreigners to an eye-watering 60%.<\/p>\n

\n

(Reporting by Chen Lin in Singapore; Editing by Shri Navaratnam)<\/p>\n

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(Corrects to restore dropped word in first paragraph) SINGAPORE (Reuters) – Singapore’s private property prices rose in the first quarter, official data showed on Friday, slightly higher than the flash estimate, reinforcing a months-long robust demand that has forced authorities to introduce tough new cooling measures. Singapore’s private residential property price index rose 3.3%% in […]<\/p>\n","protected":false},"author":8,"featured_media":27121,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-27120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3R019-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=27120"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27120\/revisions"}],"predecessor-version":[{"id":27122,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27120\/revisions\/27122"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/27121"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=27120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=27120"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=27120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}