Singapore's Private Home Prices Climb to Record on Sales

The island state's private residential property price index rose 1.8 percent to 211.90 points in the three months ended Dec. 31, according to preliminary estimates released by the Urban Redevelopment Authority today. The index advanced 0.6 percent in the previous quarter, which was also a record. Prices rose 2.8 percent in the year, compared with a 5.9 percent gain in 2011, data from the authority showed.