Private home prices in Singapore grew at a slower pace of 6.7% in 2023 compared to the previous year, while the number of units sold fell by about 15%. The suburban non-landed market saw the highest price gains at 13.8%, while the prime and city fringe markets grew at modest paces. Despite higher interest rates and cooling measures, pent-up local demand and slower supply contributed to the price gains.
Private home prices in Singapore grew at a slower pace of 6.7% in 2023 compared to the previous year, while the number of units sold fell by about 15%. The suburban non-landed market saw the highest price gains at 13.
8%, while the prime and city fringe markets grew at modest paces. Despite higher interest rates and cooling measures, pent-up local demand and slower supply contributed to the price gains.
Singapore Private Home Prices Market Transaction Volumes Cooling Measures Economic Conditions Mortgage Rates Price Gains Suburban Non-Landed Market Prime Market City Fringe Market
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