Singapore home prices grow least since 2020 as boom eases

The real estate slowdown in Singapore comes on the back of rising borrowing costs, fresh cooling measures, and a tight supply of private homes that caused sales to drop to a 14-year low in December. - Bloomberg

SINGAPORE, Jan 27 (Bloomberg): 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%.