Singapore home prices fell for the first time in almost three years after the government imposed new taxes on house purchases.
The island state’s private residential property price index declined 0.1 percent to 206 points in the quarter ended March 31 from the previous three months, according to flash estimates released by the Urban Redevelopment Authority today. That’s the first drop in prices since June 2009. Full story
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Singapore home prices suffer 1st quarterly drop in 3 years - Reuters
