Singapore's residential property prices remained unchanged in the second quarter of 2016, despite an increase in the number of resale transactions, according to figures released by the Urban Redevelopment Authority (HDB) on Friday.

The flash estimates showed that the private residential property price index in the second quarter remained at 134.7 points.

In the meantime, resale transactions increased by 31.2 percent, reaching 5,838 cases in second quarter of the year.

The Singapore government has introduced several rounds of tightening measures to cool the private residential property market in recent years, which have stablized the property market.

About 80 percent of the population in Singapore live in public housing flats built and sold by the government. The private housing properties, with the transactions made in a separate market, accounted for some 24 percent of the total units. Endit

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