Business Times (Malaysia), 19 May 2009, AFP
SINGAPORE: Singapore’s once high-flying property market remained depressed in the first quarter of this year amid a deepening recession, government data and company results showed yesterday.
Private residential home prices dived 14.1 per cent in the three months to March, the sharpest quarterly fall since 1975 when the government started compiling such data, the Urban Redevelopment Authority said.
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