Thursday , June 27 2019

Singapore luxury home prices drop


Singapore home prices fell for a second straight quarter, with values of luxury dwellings falling the most in almost a decade as property curbs imposed mid-last year took some heat out of
the market.
Private residential prices declined 0.6 percent in the three months ended on March 31 from the previous quarter, when they fell 0.1 percent, the Urban Redevelopment Authority said. Luxury home prices dropped 2.9 percent, the most since the quarter ended in June 2009.
Singaporean authorities have kept a tight leash on the property market since the early part of the decade in a bid to avoid runaway price growth like in Hong Kong.

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