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Singapore Home Prices Post Longest Losing Streak on Record

  • Home prices fall for 11th quarter as curbs stay, dropping 0.4%
  • Residential values are down 9.4% from peak in September 2013
Public housing stands in the Ghim Moh district of Singapore, on Friday, June 26, 2015. Singapore is scheduled to release home price data on July 1. Singapore's home prices dropped for a seventh consecutive quarter, the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia's second-most expensive housing market.
Photographer: Darren Soh/Bloomberg
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Singapore home prices dropped for an 11th quarter, posting the longest losing streak on record, as the government holds steadfast on cooling measures it has rolled out since 2009, for fear of reigniting the market.

An index tracking private residential prices fell 0.4 percent in the three months ended June 30 from the previous quarter, capping the longest series of quarterly losses since 1975 when prices were first published, according to preliminary data from the Urban Redevelopment Authority Friday.