Living
Singapore Home Prices Rise to Highest in More Than Two Years
- House values gained 2.1% in fourth quarter, data show
- Property market helped by low rates, government stimulus
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Singapore home prices rose to the highest in more than two years last quarter as the city-state forecasts a recovery from its worst recession since independence as Covid vaccinations are rolled out and restrictions eased.
Property values increased 2.1% in the three months ended Dec. 31, according to a preliminary estimate by the Urban Redevelopment Authority released Monday. That’s the biggest increase since the second quarter of 2018, when prices increased by 3.4%.