Mar
31

Singapore Home Prices Have Longest Drop in Almost 2 Decades

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  • Prices fell 0.7% in 1Q, posting 10 quarters of declines
  • Residential values are down 9% from peak in September 2013

Singapore home prices dropped for a tenth quarter, posting the longest losing streak in almost two decades, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.

An index tracking private residential prices fell 0.7 percent in the three months ended March 31 from the previous quarter, matching the longest series of losses since 1998, according to preliminary data from the Urban Redevelopment Authority on Friday…

Singapore Home Prices Have Longest Drop in Almost 2 Decades

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