Prices for private houses in Singapore are rising despite of curbs introduced by the government to reduce risk of significant market correction that could destabilize country’s economy, Bloomberg reports. Prices however are growing with the slowest pace in five quarters.

Index tracking prices for private residential property gained 0,5% in third quarter, while in the previous three months it grew up 3,4%. As a whole, prices increased by 9,1% in the first half of 2018.

Values in prime areas are up 1,2% compared with 0,9% in the previous quarter. In suburbs prices gained 0,1% compared with 3% in last period. Costs for property in areas close to prime regions fell 0,8%, while it grew by 5,6% in the previous three months.

Cooling measures were taken in July and include stricter rules for receivers of first mortgage loans, as well as higher stamp duty for foreigners and additional tax for second house purchasers.

While shares of developers are falling, investors turned their attention to real estate investment trusts or companies that hold assets, not sell them.