Private non-landed home prices in Singapore rose slightly in April according to the Singapore Residential Price Index by the National University of Singapore (NUS).
It rose one per cent to an overall index value of 162.4 points.
The index covers only sale of completed homes in the central and non-central regions.
The rise in April comes after the index recorded a 0.2 per cent increase in February and March.
In January, new property cooling measures were introduced in the form of tighter rules over the seller’s stamp duties.
Cushman & Wakefield senior manager Ong Kah Seng said: “I would think that the government cooling measures would have an impact in stabilising prices”.
The index is also split into two sub indices for the central and non-central regions.
The central area rose 0.8 per cent.
Non-central properties rose 1.1 per cent.
Source : Channel NewsAsia – 30 May 2011
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