Singapore private home prices rise, rents post biggest increase since 2023

Singapore private home prices posted their biggest gain in nearly two years, with rents rising in tandem, signaling the market remains buoyant despite a recent slowdown in transactions. Final data released by Singapore's Urban Redevelopment Authority on Friday showed the private residential index jumped 1.4% in the three months ended Sept. 30, in line with the preliminary estimate and higher than the 0.5% gain in the second quarter. Private home rents rose 1.3% quarter-on-quarter, the largest increase in more than three years.