Singapore home prices increased at the slowest pace in six quarters after the government introduced new loan measures to cool prices in Asia’s second-most expensive housing market.
The island-state’s private residential property price index rose 0.4 percent to a record 216.2 points in the three months ended Sept. 30, after it climbed 1 percent in the second quarter, according to preliminary figures released by the Urban Redevelopment Authority today. That’s the smallest gain since the first quarter of 2012, when the index dropped 0.1 percent.
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