25 Apr '14, 2am

Singapore home prices slide for second straight quarter. Read PropNex's prediction and analysis here.

Singapore home prices slide for second straight quarter 25 Apr 2014 Singapore home prices slide for second straight quarter – Brace for another year of decline in both public and private home prices as cooling measures and stricter home loan rules bite deeper HDB resale prices fall for the third consecutive quarter Resale prices for HDB flats continued their decline in the first quarter of 2014, a trend which is unlikely to reverse even by the end of this year — this is the result of a convergence of measures imposed last year to cool the market and a continued supply of new flats. HDB today indicated that the resale price index in 1Q14 was 198.5, which represented a 1.6 percent contraction from the previous quarter. This continued decline comes after a 6.6 percent price growth in 2012 and a double-digit growth in 2011. It also marked three consecutive quarters of price de...

Full article: http://www.propnex.com/mediareleasedetails.aspx?PressID=240

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