Real Estate

Singapore property prices, rents to rise in 2022, but at a slower pace


Private residential apartments and Housing & Development Board (HDB) public housing estates in the Sengkang area of Singapore, on Wednesday, Dec. 22, 2021.

Ore Huiying | Bloomberg | Getty Images

SINGAPORE — Property prices in Singapore have climbed in the past two years, and will likely keep going up despite the government’s efforts to cool the market, analysts and real estate agents told CNBC.

Private residential prices could rise between 1% to 3% in 2022, according to Leonard Tay, head of research at real estate agency Knight Frank Singapore.

JLL Singapore expects prices to increase by around 2% to 4% this year, said senior Director of Research and Consultancy, Ong Teck Hui.

That’s still…


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