Singapore house prices grow at slowest pace in almost two years

Firm favourite: Houses in the Cluny Hill area, near Botanic Gardens in Singapore. The country’s residential housing market has seen prices and demand rising even when it recorded its worst recession. — Bloomberg

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.