Singapore private home prices rose more than initially estimated in the first quarter, as the rush for new projects continued to buoy the local market. Prices climbed 0.9% from the previous three months, according to final figures from the Urban Redevelopment Authority released Friday. That’s more than the 0.3% preliminary reading. Analysts expected the upward revision after a flurry of sales towa...
Singapore private home prices rose more than initially estimated in the first quarter, as the rush for new projects continued to buoy the local market. Prices climbed 0.9% from the previous three months, according to final figures from the Urban Redevelopment Authority released Friday. That’s more than the 0.3% preliminary reading. Analysts expected the upward revision after a flurry of sales toward the end of March. Locals and immigrants have been flocking to buy new apartments in the city-state, even after authorities introduced multiple curbs to cool the market. Fears about the economic fallout from the conflict in the Middle East have yet to make a significant dent in sentiment, especially with borrowing costs remaining low. In a sign of the interest, sales of new private homes rose to a five-month high in March, when more than 1,000 units were sold. Rents climbed 0.3% in the first quarter, compared with a 0.5% drop three months earlier. Singapore has some of the priciest real estate in the world. A recent annual report by broker Knight Frank estimated that $1 million only fetched about 28 square meters of prime real estate in the financial hub at the end of last year — less than major cities like London, New York and Tokyo. Locals are somewhat shielded as most live in subsidized government-built housing, but prices for such flats in the second-hand market are being influenced by the boom in the private market as well. Prices for second-hand public housing fell 0.1% in the first quarter, the first decline in nearly seven years.
Foreign ministry says remarks of conservative podcast host Michael Savage that were shared by US president were ‘obviously uninformed, inappropriate and in poor taste’ India on Thursday criticised as inappropriate a post by Donald Trump in which he shared comments that called the South Asian country a “hellhole”. The inflammatory post on Truth Social comes ahead of a planned visit next month to In...
Foreign ministry says remarks of conservative podcast host Michael Savage that were shared by US president were ‘obviously uninformed, inappropriate and in poor taste’ India on Thursday criticised as inappropriate a post by Donald Trump in which he shared comments that called the South Asian country a “hellhole”. The inflammatory post on Truth Social comes ahead of a planned visit next month to India by the US secretary of state, Marco Rubio, who is seeking to ease recent tensions between the normally friendly powers. Continue reading...