Updated: 06/14/2012 22:38

Singapore unlikely to add more property measures

®Copyright MediaCorp

Singapore is not likely to roll out more measures to cool the housing market because of a weak economic outlook and lower property transactions.

Property analysts said the government's latest cooling measures have put pressure on prices.

Prices of private homes fell 0.1 percent in the quarter to March.

That's compared with a 0.2 percent rise in Q4.

Some research reports also showed that transaction values tumbled about 26 percent, while volumes dropped 14 percent.

Singapore will report its monthly home sales for May tomorrow.