Singapore housing market frenzy eases

Sky-high prices: The construction of new private residential properties in Singapore. The property market in the republic has been hot in the past year. — Reuters

SINGAPORE: Singapore’s housing boom took a breather last quarter, after a return to lockdown conditions eased price growth.

Private property values increased 0.9% in the three months through June from the previous quarter, when they rose 3.3%, preliminary estimates from the Urban Redevelopment Authority showed yesterday.