Property News · July 1, 2020

Singapore home prices fall further, but still to hit bottom as the city state grapples with an unprecedented recession


Singapore home prices fell by the most in 15 quarters in the three months to June, with analysts warning that the worst is yet to come as the coronavirus pandemic batters the Southeast Asian nation’s economy.Prices of private homes dropped 1.1 per cent in the second quarter, widening from the 1 per cent drop seen from January to March, according to data released by Singapore’s Urban Redevelopment Authority (URA) on Wednesday.It fell short of the 1.5 per cent decline in the third quarter of 2016…

Source : South China Morning Post
Read more…Singapore home prices fall further, but still to hit bottom as the city state grapples with an unprecedented recession

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