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Singapore may set rules to cool housing market

Posted on 25 April 2012

Singapore may introduce additional measures to cool the housing market after private home sales reached a record in the first quarter as more “shoebox” apartments were sold, property services company Jones Lang LaSalle and brokerages including Nomura Holdings said.

Home sales climbed to 6,682 units in the three months ended March 31, the highest quarterly figure since 1996 when the Urban Redevelopment Authority began reporting the data. Prices rose 1.2 percent for the mass market in the same period, preliminary estimates from the authority showed earlier this month………………………………………..Full Article: Source


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