SINGAPORE (Apr 2): Singapore's private home prices rose 3.1% in the first quarter, the fastest quarterly growth in nearly eight years, in a further sign of a nascent recovery in the city state's housing market.

The pace of growth was the quickest since the second quarter of 2010 when home prices rose 5.3%, and was driven in particular by real estate in prime districts, data showed on Monday.

The private residential property index increased 4.3 points to 143.0 points in the first quarter from 138.7 points in the fourth quarter of 2017, according to estimates from the Urban Redevelopment Authority.

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