SINGAPORE: Singapore home prices have stabilised after four rounds of measures aimed at cooling the property market, a senior government official said on Monday, Mar 21.

Property prices in Singapore "have sort of stabilised", said Peter Ong, permanent secretary at the ministry of finance at a conference on East Asian development.

Singapore private home prices rose 17.6% last year despite attempts to cool the market in February and August. Resale prices of state Housing & Development Board (HDB) apartments that house over 80% of the population gained 14%. — Reuters

SHARE