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Singapore Property News

Singapore private home prices fall 3.7% in 2015

Singapore private home prices fell 3.7 per cent in 2015, extending a decline to nine straight quarters.

Posted on 04-Jan-2016

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Singapore private home prices fall 3.7% in 2015

The Straits Times


Singapore private home prices fell 3.7 per cent in 2015, extending a decline to nine straight quarters.

For the fourth quarter of last year, prices slipped 0.5 per cent, moderating from a 1.3 per cent fall in the previous quarter, according to advance estimates from the Urban Redevelopment Authority (URA) on Monday (Jan 4).

The private residential property index fell 0.7 points from 142.3 points in third quarter 2015 to 141.6 points in the fourth quarter 2015, said URA.

For the whole of 2015, prices have fallen by 3.7 per cent, compared with the 4 per cent fall in 2014.

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