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Singapore Home Prices Grow Least Since 2020 as Boom Eases

  • Private home values grew 8.6% in 2022; rose 0.4% last quarter
  • Supply crunch, high interest rates contributed to slowdown
Residential buildings in Singapore.

Residential buildings in Singapore.

Photographer: Lionel Ng/Bloomberg
Updated on

Singapore home prices grew at the slowest pace in more than two years in the fourth quarter of 2022, adding to signs that the property boom is starting to moderate.

Private property values rose 0.4%, Urban Redevelopment Authority Figures showed Friday. That compares with the preliminary estimate of 0.2%, and marks the weakest growth since the second quarter of 2020. For the full year, prices climbed 8.6%.