Singapore Home Prices Fell for the First Time in Three Years
- Final government figures confirm first drop since early 2020
- Tax hikes, high interest rates contributed to slowdown
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Singapore home prices fell for the first time in three years in the second quarter, adding to signs that the property boom is starting to moderate.
Private property values slid 0.2% from the previous three months, when they rose 3.3%, final Urban Redevelopment Authority figures showed Friday. That compares with a preliminary estimate of a 0.4% drop, and confirms the first decline since the start of 2020.