Estimates released by the Urban Renewal Authority show that overall private home prices rose by 0.2 per cent in the fourth quarter of last year, a significant slowdown from the 3.8 per cent increase in the previous quarter.

For 2022 as a whole, prices rose by 8.4 per cent, a smaller increase than the previous year's 10.6 per cent.

The increase in landed private property prices slowed to 0.5% in the previous quarter, while the increase in non-landed private property prices also narrowed from 4.4% to 0.1%.

In particular, non-landed private property prices rose by 0.5% in the core Central District, rose by 2.6% in the other Central Districts and fell by 2.6% outside the Central District last quarter.

For the year as a whole, private property prices in the Core Central, Other Central and Outside Central districts increased by between 4.6 per cent and 9.3 per cent.

The URA will release the full figures on the 27th of this month.