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Bloomberg
Singapore private home prices rose just 0.5% in the final quarter of 2019, with the slowdown reflecting the lingering impact of government curbs more than a year after they were
imposed.
The rise was slightly higher than the preliminary estimate of a 0.3% gain, data from the Urban Redevelopment Authority show-ed, and compared with a 1.3% expansion in the previous quarter. For all of 2019, apartment prices on the island increased 2.7%, well below a jump of 7.9% in 2018.
Curbs introduced in mid-2018 have put a dent in home sales and prices over the past year. Another conundrum borne out of the curbs is a supply glut of around 32,000 units.