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Singapore private property prices to fall up to 26pct in coming years

Posted on 30 November 2011

Singapore’s residential property market is set for a significant downturn in the next three years and prices are expected to fall. Prices could fall between 22 and 26%, according to Daiwa Research.
‘We believe the residential property market could remain depressed for several years, triggered initially by a likely forthcoming gross domestic product slowdown in 2012 and lingering global economic uncertainty,’ it said in a new report………………………………………..Full Article: Source

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