Property News · April 1, 2020

Singapore home prices set for first decline since 2016 as economic recession bites, Colliers says


Singapore’s home prices are poised to fall for the first time in four years as the global coronavirus pandemic is likely to push the city state’s economy into a recession, according to Colliers International.Prices could decline by as much as 3 per cent this year, the property consultancy said, based on an index of new and existing properties tracked by Urban Redevelopment Authority (URA). The expected drop is the first setback since 2016, though not the steepest in the past decade, it said…

Source : South China Morning Post
Read more…Singapore home prices set for first decline since 2016 as economic recession bites, Colliers says

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