04 Sep '15, 4am

#Singapore private home prices are Asia's second-worst performers

#Singapore private home prices are Asia's second-worst performers

SINGAPORE - Singapore posted the second-highest drop in private home prices among Asian countries in the last quarter, coming behind only China, according to Knight Frank's Global House Price Index. Released on Friday (Sept 4), the report shows that private home prices in Singapore fell by 3.2 per cent in the April-June quarter from the same period a year ago. Prices in China fell by 6 per cent. Overall prices of private non-landed homes in Singapore could decline by 3-4 per cent on a yearly basis by the fourth quarter, Ms Alice Tan, Knight Frank Singapore's director and head of consultancy and research, said in a statement. "Singapore's continual fall in non-landed private home prices demonstrates persistent weakness of the market, with prospective buyers remaining cautious against the backdrop of existing cooling measures and in anticipation of further price correction,"...

Full article: http://www.straitstimes.com/business/property/singapore-p...

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Private property prices down 3.2% from year ago - Prices of non-landed private homes in Singapore fell 3.2 percent...

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