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Singapore Home Prices Slide by Most in More Than Seven Years

  • Home prices fall for 12th quarter as curbs stay, dropping 1.5%
  • Residential values are down 11% from peak in September 2013
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Photographer: Nicky Loh/Bloomberg
Updated on

Singapore home prices dropped by the most in more than seven years as developers offered discounts amid signals from the government that it won’t roll back property curbs initiated in 2009.

An index tracking private residential prices fell 1.5 percent in the three months ended Sept. 30 from the previous quarter, the biggest decline since June 2009. Prices fell for the 12th straight quarter, the longest streak of quarterly losses since prices were first published in 1975, according to preliminary data from the Urban Redevelopment Authority Monday.