Singapore Resilient as Home Prices Continue to Climb

Singapore home prices have increased for a third consecutive quarter, rising 1.5% in the first quarter of this year. Despite global property downturn, local demand has kept the market afloat, with luxury sector facing challenges. High take-ups are observed in suburban areas, but a flood of new supply may impact buying sentiment. Authorities aim to address housing affordability concerns amidst steady price growth.

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