Singapore Housing Market Defies Global Downturn And Curbs Amid Soaring Rents

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The growth in Singapore home prices accelerated to 3.8% in the third quarter to record levels, after rising 3.5% in the previous three months.

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“Price growth may continue but at a slower pace after the new cooling measures,” Christine Sun, senior vice president of research at real estate brokerSingapore home prices will increase as much as 11% for the whole of this year, after rising 10.6% in 2021, Sun said. The outlook for 2023 is less rosy, with prices likely rising at a slower pace of up to 8% amid higher mortgage rates and heightened risks of a global economic slowdown, she added.

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Its all about supply there - there is very little supply and alot of demand.

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