Singapore’s housing market slowing sharply
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Property price increases in Singapore have now slowed for eight consecutive quarters, as government measures to cool down the market take effect.
During the year to end-Q2 2012, Singapore’s private residential property price index rose by 1.9%, according to the Urban Redevelopment Authority (URA). However, when adjusted for inflation, the property price index actually dropped by about 3.3% over the same period.
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