Singapore's property price growth slowed in the first quarter as measures taken by the government to cool property market curbed demand.
Private residential property prices grew at a pace of 0.6 percent in the first quarter, down from the 1.8 percent rise seen during the fourth quarter of 2012, the Urban Redevelopment Authority said in a report on Friday.
At the same time, rentals of private residential properties increased 0.8 percent, which was marginally higher than the 0.7 percent increase in the fourth quarter 2012.
Developers launched 5,546 uncompleted private residential units for sale in the first quarter, higher than the 3,408 units in the fourth quarter 2012.
Data released earlier this month showed that private home sales increased to a record 2,793 units in March.
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.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.