Customers at a coffee shop in the business district in Singapore, on Feb 17, 2022. (Photo: Bloomberg)
Singapore home price growth slowed last quarter 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. That’s higher than the preliminary estimate of 0.4%.
The subdued growth comes after Singapore imposed property curbs in December to temper the housing market as prices jumped at the highest pace in over a decade in 2021. The city-state joins some of Asia-Pacific’s most expensive housing markets that are starting to cool after last…
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