Singapore Home Prices Increase In Q3

Singapore’s house prices increased, while rentals and prices of office space declined in the third quarter, data from the Urban Redevelopment Authority showed Friday.

House prices grew 1.3 percent sequentially in the third quarter, but slower than the 1.5 percent rise a quarter ago.

Prices of landed properties increased 1 percent and that of non-landed properties gained 1.3 percent.

Developers launched 3,628 residential units for sale in the third quarter compared with 2,502 units in the previous three months.

Data showed that prices of office space fell 3.9 percent and rentals of office space decreased 0.6 percent in the third quarter.

The material has been provided by InstaForex Company – www.instaforex.com