In the segment of private residential property price growth in quarterly terms, amounted to 5,6%, according to RTT News, with reference to the Office of Urban Development in Singapore. The average cost of office and retail space rose by 1,8%, industrial space - in 1,5%. In the previous quarter, real estate prices in Singapore also grew.

The Government of the city-state is concerned about the soaring prices of private housing, which, according to officials, due to the activity of speculators who commit short-term transactions. (Note that in Singapore, a significant number of housing units constructed by the State and is inherently public property. However, the government actively encourages purchase of housing in private ownership, offering preferential mortgage terms.)

As a result, the authorities decided in February 2010 to introduce a tax on the sale of objects that are implemented within one year after purchase (the size of the tax ranges from 1 to 3% of the value of the object). In addition, banks and developers may not offer loans to purchase residential properties under construction, under the terms of which the borrower must be done only 5% down payment. Also, buyers are not allowed to defer payment of the cost of the facility before completion.