Singapore’s Home-Price Decline Accelerates After Curbs
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Singapore’s home prices fell at a faster pace in October, dropping 1.2 percent from the previous month as evidence builds that the government’s efforts to cool the property market are working.
The city-state’s residential property index fell to 159.1 points last month after declining a revised 0.9 percent in September, according to the National University of Singapore’s Singapore Residential Price Index. The measure tracking prices in the central region decreased 1.4 percent in October.