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