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In the context of Singapore's real estate market, here are some key points regarding property prices and trends:

- Despite weak demand due to market-cooling measures, Singapore's house prices continue to rise, albeit at a slower pace. In the first quarter of 2024, the nationwide private residential property index increased by 4.88% year-over-year, a significant slowdown from the previous year's growth of 11.44%.

- Property prices in the Outside Central Region (OCR) have seen notable increases, with a year-over-year rise of 11.83% to Q1 2024. However, the latest quarter saw only a slight increase of 0.2% in OCR property prices.

- The government has implemented various measures to curb property demand, including increased Additional Buyer's Stamp Duty (ABSD) rates for second and subsequent property purchases, tightened loan-to-value (LTV) limits, and higher stamp duties for properties valued above SG$1 million.

- The market has also seen a cumulative price increase of 47% from 2016 to 2023, although this growth is being closely monitored to ensure it does not outpace economic fundamentals.

For the most up-to-date and detailed information on Singapore's property market, you can visit EdgeProp Singapore.