Singapore Home Prices Set to Extend Drop, Keppel Land Says
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Home prices in Singapore will probably extend declines as the government sticks with curbs, according to Keppel Land Ltd., signaling further losses for Asia’s second-most expensive housing market.
“Home prices are expected to continue to moderate,” Chief Executive Officer Ang Wee Gee said at a results briefing yesterday. “Singapore is unlikely to relax property-cooling measures in the short term.”