14 Feb '14, 2am

#GlobalREBubble #Singapore 'Further falls for property stocks' via @SGPropertyGuru

Comment E-mail to friend Bookmark & Share Slowing home sales are expected to see the value of stocks in Singapore and Hong Kong property developers fall further, according to media reports. Singapore’s FTSE Straits Times Real Estate Index and Hong Kong’s Hang Seng Property Index fell to their lowest levels for almost 18 months last week, on the back of cooling measures that have curbed property prices in both cities. Home prices in Singapore declined by 0.9 percent during the last quarter, while the Centaline Index in Hong Kong is down 4.3 percent from its previous high. Home sales in Singapore are at a four-year low while those in Hong Kong are at their lowest levels for almost 20 years. Home builders from both cities also make up eight of the 10 worst performers in the 101-strong MSCI World Real Estate Index over the course of the last 12 months. Stocks of Southeast Asia...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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