Pursuits
Singapore Home Prices Have Longest Drop in Almost 2 Decades
- Prices fell 0.7% in 1Q, posting 10 quarters of declines
- Residential values are down 9% from peak in September 2013
Residential buildings stand in Singapore, on Sunday, March 22, 2015. Lee Kuan Yew, who helped transform Singapore from a colonial trading center into one of Asia's most prosperous nations during 31 years as its first elected prime minister, has died. He was 91.
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
Singapore home prices dropped for a tenth quarter, posting the longest losing streak in almost two decades, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.
An index tracking private residential prices fell 0.7 percent in the three months ended March 31 from the previous quarter, matching the longest series of losses since 1998, according to preliminary data from the Urban Redevelopment Authority on Friday.