Singapore Home Prices Rise 2.7% in Fourth Quarter on Demand
- Private residential prices climb for second straight quarter
- Prices increased 6.7% for the whole year on local demand
This article is for subscribers only.
Singapore home prices rose for a second straight quarter, as local demand continued to prop up the market despite government cooling measures.
Private residential prices climbed 2.7% in the last three months of 2023 from the previous quarter, when they gained 0.8%, according to preliminary estimates released Tuesday by the Urban Redevelopment Authority. Prices increased 6.7% for the whole of last year, slowing from an 8.6% rise in 2022.