SINGAPORE, Oct 28 (Reuters) - Resale prices of Singapore
government-built HDB apartments rose 3.8 percent in the third
quarter from the preceding three months, accelerating from the
gain of 3.1 percent in the second quarter, state broadcaster
Channel NewsAsia reported on Friday.
The Housing and Development Board's estimate of the price
increase was unchanged from the preliminary figure released
earlier this month.
The number of transactions, however, fell to 5,903 from
6,581 in the preceding quarter.
Resale prices of HDB apartments, which house about 80
percent of Singapore's 5.1 million population, have been rising
faster than prices of homes built by private developers due to a
shortage of lower-cost accommodation in the city-state.
Prime Minister Lee Hsien Loong said earlier this month the
government hopes to stabilise the housing market in four years.
The Urban Redevelopment Authority said on Friday private
home prices in Singapore rose 1.3 percent in the third quarter
compared with the preceding three months -- the slowest pace of
increase in eight quarters.