English.cri.cn, 31 Mar 2009, Xinhua
A recent report showed that rentals of luxury homes in Singapore dropped 18.8 percent in the first quarter of 2009, a level not seen since 2006, local radio reported on Tuesday.
According to local radio 938live, a report released on Tuesday by property consultancy DTZ said that rentals of local luxury homes dropped 18.8 percent to 5.2 Singapore dollars (about 3.42 U. S. dollars) per square foot a month, and average rental values of homes in prime districts fell 16 percent to 3.65 Singapore dollars (about 2.40 U.S. dollars) per square foot a month.
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