Singapore’s house prices continue to fall
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Singapore housing prices continue to fall, amidst weak economic growth. The private residential property index fell by 3.37% during the year to Q1 2015, its ninth consecutive quarter of y-o-y price falls, based on figures from the Urban Redevelopment Authority (URA). When adjusted for inflation, house prices fell by 2.35% during this period.
During the latest quarter (i.e. q-o-q in Q1 2016), residential prices fell by 0.71% (-0.43%% inflation-adjusted).
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