Singapore’s Sky-High Rents Show First Signs of Cooling
- Rental price index grows least since fourth quarter of 2021
- Luxury segment hardest-hit as more supply enters: Knight Frank
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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 show.