Singapore Real Estate Market Continues to Defy Sales Slump

The Singapore real estate market has shown resilience as home prices rose by 1.5% in the first quarter, marking the third consecutive quarterly increase. This growth comes in the face of sluggish sales, with a 20% decline recorded. The Urban Redevelopment Authority released preliminary estimates, indicating a slower price increase compared to the previous quarter. Despite warnings from authorities regarding high interest rates, the market continues to demonstrate strength.