Singapore's home prices rose for a third consecutive quarter, with private residential prices increasing by 1.5% in Q1.

Singapore's home prices rose for a third consecutive quarter, despite tepid sales and a global property downturn. Private residential prices increased by 1.5% in Q1 compared to the previous quarter. The luxury apartment segment has been hit hard by a 60% stamp duty on foreigner purchases. Domestic mortgage rates are expected to remain elevated, and the government has refrained from introducing major demand-inducing measures.

April 01, 2024
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