The Wall Street Journal
10 Jul 2008
SINGAPORE -- The sharp inflation slowdown in Singapore's private residential market is the latest sign that times are getting tougher for local developers.
Prices increased 0.4% in the second quarter from the first, the smallest rise since mid-2004, according to recent government statistics. The figures were based on the first 10 weeks of the quarter, and some analysts said final numbers could show a decline in prices, which are likely to fall further in coming periods.
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