Forbes.com, 23 Jan 2009, Reuters
SINGAPORE, Jan 23 (Reuters) - Singapore private home prices fell 6.1 percent in the fourth quarter as the city-state plunged into its worst ever recession, government data showed on Friday.
The drop marked the second quarterly decline in residential property prices following a 2.4 percent fall in July-September. The decline in prices during the fourth quarter was also steeper than the initial estimate of a 5.7 percent drop made earlier this month.
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