Singapore Home Prices Fall for First Time in Three Years
- Private home values declined 0.4% in the second quarter
- First sign of cooling after property tax hike in April
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Singapore home prices fell for the first time in three years in the second quarter, suggesting the market is cooling on the back of the latest property curbs.
Private property values slid 0.4% from the previous three months, when they rose 3.3%, according to flash estimates released by the Urban Redevelopment Authority on Monday. That’s the first decline since the first quarter of 2020.