Singapore Private Home Prices Moderate Amid Apartment Glut
- Prices up 0.3% in fourth quarter versus 1.3% previous quarter
- City-state has almost 32,000 units in the supply pipeline
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Private home prices in Singapore rose just 0.3% in the final three months of 2019, further evidence that government cooling measures levied in mid 2018 have taken the heat out of the city-state’s residential real estate market.
The rise compared with a 1.3% increase in the previous quarter, according to a flash estimate by Urban Redevelopment Authority released Thursday. For all of 2019, apartment prices on the island increased 2.5%, well below a jump of 7.9% in 2018.