RTTNews - Private home prices in Singapore fell 4.7% in the second quarter, compared with the previous three months, the Urban Redevelopment Authority said Friday. That was less than the initial estimate of a 5.9% drop.
Prices fell for the fourth straight quarter, but the pace of decline eased significantly compared to a 14.1% decline in the first three months of the year.
At the same time, rentals of private residential dropped 5.2%, compared with the decrease of 8.5% in the previous quarter.
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