Singapore property developers' stock prices mostly rise; prior news mentioned increase in prices of private residential properties.

After the news of rising prices in private residential properties, the stock prices of Singapore property developers mostly rose, but the prospects for the rest of the year still remain uncertain. The Urban Redevelopment Authority of Singapore stated on Friday that the overall private residential price index in the city-state rose by 1.0% in the second quarter. This increase was higher than the initial estimate of 0.5% and the 0.8% recorded in the first quarter. Wing Tai Holdings saw a recent increase of 3.65% in their stock price, City Developments rose by 1.3%, and Ho Bee Land rose by 0.3%. The stock price of CapitaLand remained unchanged.