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Singapore Home Prices Grow at Slowest Pace in Almost Two Years

  • Private home values inched 0.7% higher from previous quarter
  • Slowdown comes as curbs on property rein in housing boom
Updated on

Singapore home prices grew at the slowest pace in almost two years as curbs on residential property at least temporarily reined in the nation’s surging real estate market. 

Prices climbed 0.7% in the first quarter from the previous three months, when they jumped 5%, Urban Redevelopment Authority data showed Friday. While slightly higher than the preliminary estimate, it’s the slowest growth rate since the second quarter of 2020 when prices grew by 0.3%.