Singapore's Property Investment Sales Drop to over Decade Low

English.cri.cn, 24 Mar 2009, Xinhua
Singapore's property investment sales amounted to about 185 million Singapore dollar (about 123 million U.S. dollars) in the first quarter of 2009, the lowest quarterly investment sales figure since 1998, local media reported on Tuesday.
According to local radio 938live, a report by property consultancy CB Richard Ellis showed that property investment sales figure in the first quarter of 2009 was 56 percent lower than the previous quarter.
"This is also the lowest quarterly investment sales figure since 1998," the report said.
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