AFP, 11 Jan 2009
SINGAPORE, Jan 11, 2009 (AFP) - The Year of the Ox begins later this month but the bull run is already over for Singapore's property sector, described as the world's hottest market just two years ago.
Prices of private homes fell 5.7 percent in the fourth quarter, following a 2.4 percent drop in the preceding period, according to the latest data from the Urban Redevelopment Authority (URA), the state agency responsible for land use planning.
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