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Singapore House Prices Recover In Q2

Singapore house prices recovered in the second quarter, data published by the Urban Redevelopment Authority showed Friday.

House prices increased by revised 0.3 percent sequentially in the second quarter, in contrast to a decrease of 1 percent in the first quarter.

The URA had initially estimated a 1.1 percent decline for the second quarter.

Prices of landed properties remained unchanged in the second quarter and that of non-landed properties gained 0.4 percent, data showed.

At the same time, rentals of private residential properties decreased 1.2 percent versus a 1.1 percent rise in the first quarter.

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