Singapore home prices rise more than estimated before polls

Residential buildings at a Housing Development Board (HDB) public housing estate in Singapore, on Tuesday, Aug. 20, 2024. Housing affordability and cost of living have emerged as major issues during election campaigning in the city-state. - Bloomberg

SINGAPORE: Singapore private home prices rose more than initially estimated in the first quarter, in a sign of continued demand in the market despite expectations of headwinds.

An index of private residential prices rose 0.8 per cent from the previous three months, the Urban Redevelopment Authority said Friday (April 25). That compares with an initial estimate of 0.6 per cent and a 2.3 per cent jump in the last quarter of 2024.