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Cooling measures likely as Singapore house prices continue to rise
The Urban Redevelopment Authority (URA), on 1 April, had released the data on rates of private homes in Singapore. It highlighted that the prices increased by 2.9% in the first quarter of 2021 when compared to Q4 of 2020. Before the real estate curbs were laid in July 2018, the property prices increased by 3.4% in the second quarter of that year. This year’s rise is said to be the sharpest quarterly surge since then. This estimate has been compiled by analysts based on the stamp duty payment transaction prices given in contracts. It also factors the data obtained from