Private housing prices in Singapore recorded the biggest increase in the past two years, and rents rose at the same time, indicating that despite the recent slowdown in transactions, the market is still booming. The Urban Renewal Authority of Singapore released final data on Friday. In the three months ending September 30, the private housing index surged 1.4%, in line with preliminary estimates, and higher than the 0.5% increase in the second quarter. Private residential rents rose 1.3% month-on-month, the biggest increase in more than three years.

Private housing prices in Singapore recorded the biggest increase in the past two years, and rents rose at the same time, indicating that despite the recent slowdown in transactions, the market is still booming. The Urban Renewal Authority of Singapore released final data on Friday. In the three months ending September 30, the private housing index surged 1.4%, in line with preliminary estimates, and higher than the 0.5% increase in the second quarter. Private residential rents rose 1.3% month-on-month, the biggest increase in more than three years.