SINGAPORE (Oct 1): Singapore private home prices are still inching higher -- albeit at the slowest pace in five quarters -- even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilising to the city-state’s economy.

An index tracking private residential prices increased 0.5% in the three months ended Sept. 30 compared to a 3.4% advance in the June quarter, according to a flash estimate from the Urban Redevelopment Authority on Monday. That adds to a 9.1% gain in the year through June.

Apartment prices in prime districts rose 1.2% last quarter compared to a 0.9% gain in three month through June 30. Unit prices in suburban areas added 0.1% after climbing 3% in the previous quarter. Prices near prime areas slid 0.8% after gaining 5.6% in the June quarter, the data show.

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