Jan
03
Singapore Home Prices Post Longest Losing Streak in 17 Years
By-
Home prices fall 0.5% in 4Q, posting nine quarters of declines
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Prices fell 3.7% last year, extending 4% decline in 2014
Singapore home prices dropped for a ninth quarter, posting the longest losing streak in 17 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.
An index tracking private residential prices fell 0.5 percent in the three months ended Dec. 31 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority on Monday. That took the annual decline to 3.7 percent, almost matching the 4 percent drop in 2014, which was the first year-on-year slide since 2008…
Singapore Home Prices Post Longest Losing Streak in 17 Years
