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.
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