Reuters India, 1 Oct 2009
SINGAPORE, Oct 1 (Reuters) - Singapore private home prices surged 15.9 percent in the third quarter from the previous quarter, the biggest jump this decade, government data showed on Thursday, highlighting fears about a property market bubble.
"The numbers are backing up the anecdotal evidence we've seen -- if anything they are understating it," said Vishnu Varathan, an economist at 4CAST in Singapore, commenting on. "Policymakers will be acutely aware of the risks of tightening too fast...At this point I think they will wait and see."
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Related:
Singapore's private home prices rise 16% in third quarter - Xinhua
Singapore Third-Quarter Home Prices Surge 16 Percent - Bloomberg.com
