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Singapore's Home Prices Match Longest Losing Streak in 2002

  • Singapore's private home prices fall 1.3% in third quarter
  • Biggest quarterly decline since global financial crisis
Updated on

Singapore home prices dropped for an eighth quarter, matching the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.

An index tracking private residential prices fell 1.3 percent in the three months ended Sept. 30 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority on Thursday. The slump was the most since June 2009, in the aftermath of the global financial crisis.