Singapore recorded 1,788 home sales in April, as property activity in the city rocketed 29% year-on-year to reach a five-month high.
With an annual growth rate projected at 23.5% for Q1, local rules to calm down the market have failed, mainly because they are too short term says local agents.
With prices still rising, the government has again repeated that it wants to introduce further measures if prices got on spiralling. However, it is possible this may not be necessary. Even with home prices rising for seven straight quarters now, the most recent quarter saw the smallest rise. Full story
