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.
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