In July, the government imposed higher stamp duties and tougher loan-to-value rules to choke off a sudden bout of exuberance. That had the desired effect with private residential home prices in the city-state posting their first decline in six quarters in the three months to Dec 31.
SINGAPORE (Mar 15): Private-home sales in Singapore rose in February, one signal the market may be recovering from cooling measures implemented last year.
Developers sold 455 units, a 4.4 percent increase on January’s 436, the Urban Redevelopment Authority said in a statement Friday.
