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Singapore House Prices Surge Most in Decade as Curbs Test Market

  • Private home values jumped 10.6% in 2021; rose 5% last quarter
  • City imposed cooling measures in mid-December to calm market
Updated on

Singapore home prices climbed the most in more than a decade last year, underpinning the government’s move to introduce cooling measures that will test the market’s resilience.

Prices grew 10.6% in 2021, Urban Redevelopment Authority figures showed Friday. That’s the most since 2010, when they surged 17.6%. Values grew by 2.2% in 2020. Meanwhile, fourth-quarter prices climbed 5% from the previous three months, the same as the preliminary estimate.