| From Property-report.com: The worsening economic crisis is having an impact on Singapore´s private property market as it registered the steepest price decline since 1998. Private property prices slid by 6.1 percent in the fourth quarter of 2008, according to the Urban Redevelopment Authority (URA).
This decline is even worse than the URA´s previous flash estimates of 5.7 percent. The fourth quarter price decline is also steeper than the 2.4 percent drop registered in the third quarter of 2008. .... Full Article: Source
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