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Singapore home prices rise for quarter adding to rebound signs

Property

Singapore home prices rise for quarter adding to rebound signs

Bloomberg Published on Tue, Jan 02, 2018 / 10:26 AM GMT+8

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SINGAPORE (Jan 2): Singapore home prices rose for a second straight quarter, reinforcing signs the city-state’s property market is emerging from a four-year slump.

An index tracking private residential prices rose 0.7% in the three months ended Dec. 31, building on a 0.7% gain the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Tuesday. For 2017, prices rose 1% compared to a 3.1% decline in 2016, the data showed.

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