Singapore's house price rises slowing, as government measures bite
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In the second quarter of 2011, Singapore’s private residential property price index rose 2% q-o-q, after quarterly price increases of 2.2% in Q1 2011, 2.7% in Q4 2010, 2.9% in Q3 2010 and 5.3% in Q2 2010, according to the Urban Redevelopment Authority (URA).
To restrain the property bubble the government has taken a dual-pronged strategy - increasing land supply, and imposing market curbs. In January 2011, the government executed its 4th round of measures:
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