princess_morbucks
08-11-13, 10:01
http://www.straitstimes.com/breaking-news/money/story/singapores-private-home-resale-prices-continue-soften-october-20131108
The weakness in demand for resale private homes in Singapore has continued into October, as new projects draw buyers away from the secondary market.
Private home resale prices slipped 0.1 per cent in October from the preceding month, mainly due to a price decline in the suburban region, flash estimates from the Singapore Real Estate Exchange showed on Friday.
This was after fallling 1.6 per cent month-on-month in September.
The decline in October was mainly due to a 1.4 per cent price drop for mass-market homes from the preceding month, on top of a 1.5 per cent fall from August to September.
The weakness in demand for resale private homes in Singapore has continued into October, as new projects draw buyers away from the secondary market.
Private home resale prices slipped 0.1 per cent in October from the preceding month, mainly due to a price decline in the suburban region, flash estimates from the Singapore Real Estate Exchange showed on Friday.
This was after fallling 1.6 per cent month-on-month in September.
The decline in October was mainly due to a 1.4 per cent price drop for mass-market homes from the preceding month, on top of a 1.5 per cent fall from August to September.