Economics
Singapore Home Prices Fall Most in More Than Three Years
- Property prices decline 1.2% in first quarter, data show
- Sales may weaken further amid social-distancing rules
This article is for subscribers only.
Singapore home prices fell the most in more than three years in the first quarter as the coronavirus outbreak slammed the economy.
Property values declined 1.2% in the three months ended March 31, according to a preliminary estimate from the Urban Redevelopment Authority released Wednesday. That’s the steepest decline since a 1.5% drop in the third quarter of 2016.