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Bangkok Post
Bangkok Post
Business

Singapore home prices continue to climb, but market may finally cool

Private homes in the River Valley/Orchard area in Singapore, on July 9, 2022. (Photo: Bloomberg)

Singapore home prices climbed at a faster pace in the second quarter, but the momentum may be threatened by concerns over the rising cost of living and higher interest rates.

Prices grew 3.5% in the three months, Urban Redevelopment Authority data showed Friday. That’s higher than the preliminary estimate of 3.2%, and a jump from first-quarter growth of 0.7%.

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