Singapore private residential prices rise, global uncertainty lingers.

In the first quarter of Singapore, the increase in private residential prices exceeded expectations, indicating that domestic demand remains strong despite global trade uncertainties and economic obstacles. According to revised data released by Singapore's Urban Redevelopment Authority on Friday, the overall private residential price index rose by 0.8% in the first quarter. This is higher than the preliminary estimate of 0.6%, but lower than the 2.3% increase in the previous quarter. The data shows that the price of non-landed private residential properties increased by 1.0% in the first quarter, surpassing the preliminary estimate of 0.6%, but showing a slowdown compared to the 3.0% increase in the previous quarter.