Singapore private home prices yet to reflect full impact of recent housing-market curbs, despite new official data showing price moderation, analysts say, according to Dow Jones.

According to government flash estimates, 3Q10 private home prices +3.1% on quarter vs +5.3% in 2Q10, +5.6% in 1Q10. CB Richard Ellis Research executive director Li Hiaw Ho attributes rise to strong sales momentum in July, August, but notes property market slowed down from September.

“Going forward, the impact of the latest property measures will be felt more as the sales volume for the fourth quarter will be much lower than that in the first three quarters of 2010,” says Li.

UBS notes flash estimates capture only transactions in first 10 weeks of 3Q10; “anecdotally, our channel checks have also indicated that more buyers on the secondary market are adopting a ‘wait-and-see’ approach”.