Singapore's private home sales increased to a record high in March, recovering from the sharp fall seen in the previous month, data released by the Urban Redevelopment Authority showed Monday.
Home sales increased sharply to 2,793 units in March, after falling sharply by 65 percent in February. The latest figure was the highest ever recorded.
The sharp rebound have given rise to concerns that the government might take steps to ease the housing market, after launching an array of cooling measures recently, including a hike in stamp duties, down-payment requirements and borrowing caps.
During the three months ended March, private residential property prices in the island nation rose 0.5 percent, which was the slowest pace in three quarters.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.