Singapore’s sky-high rents start to show signs of cooling

An index of private residential prices rose 2.8% from the previous three months, the smallest gain since 2021, Urban Redevelopment Authority figures showed. — AFP

SINGAPORE: Singapore’s rental price growth slowed in the second quarter, cooling a years-long boom that has sapped affordability and threatened to dent the city-state’s appeal as a finance hub.

An index of private residential prices rose 2.8% from the previous three months, the smallest gain since 2021, Urban Redevelopment Authority figures showed.