SINGAPORE - Singapore says home prices rose slightly in the second quarter after dropping for the first in almost three years in the previous quarter.
The Urban Redevelopment Authority said in a statement Monday that private home prices increased 0.4 per cent in the April to June period after falling 0.1 per cent in the first quarter.
Private housing prices have been little changed since the government imposed a 10 per cent tax on residential property purchases by foreigners and companies in December.
Private property prices are up about 80 per cent since 2004.
The Housing Development Board on Monday reported a 1.3 per cent increase in the prices of government-built housing, where about 80 per cent of Singaporeans live.
