Singapore's Q3 private home prices rise 0.5%

Private home prices inched up 0.5 per cent in the three months to September to a new record high, according to preliminary estimates released by the Urban Redevelopment Authority yesterday.

This is a touch more than the 0.4 per cent gain in the quarter before.

The pace of change in prices varied across the different market segments.

Prices of city centre non-landed homes increased by 0.2 per cent in the third quarter, compared to a 0.6 per cent rise in the previous quarter.