Surge in Singapore's home prices even bigger than first reported

SINGAPORE (Apr 27): Singapore’s home prices surged even more in the first quarter than a preliminary report from the government showed.

Private residential prices jumped 3.9% from the previous quarter, according to final data from the Urban Redevelopment Authority. That’s up from a 3.1% preliminary estimate earlier this month.

The biggest increase in home values since 2010 has added to signs that the city-state’s housing market is warming up after a four-year slump. That’s even as officials keep a range of cooling measures in place, including an increase in taxes on home purchases exceeding $1 million, implemented in February.

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