Singapore's Falling Property Prices Attract Buyers -- Market Talk
8 September 2016, 03:46
0346 GMT [Dow Jones] Prices of government-built apartments in Singapore fell 0.7% in August from the previous month, and easing prices in recent quarters appears to be spurring deals. The number of such flats sold in the resale market in August was up 19.5% from July and 29.9% from a year earlier. Singapore clamped down on its property sector four years ago to curb runaway prices, and authorities have stressed in recent months that they don't see reasons to start easing the curbs soon, despite a slowing economy. The resale prices of government-built flats in August were down 0.2% from a year earlier and 11.5% from their April 2013 peak, according to a report by the Singapore Real Estate Exchange, an information-sharing platform for real-estate agents. (gaurav.raghuvanshi@wsj.com)
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September 07, 2016 23:46 ET (03:46 GMT)
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