Singapore private home prices decline

Soft market: Residential housing in the Bukit Panjang, Singapore. Prices of private homes in Singapore dropped for the seventh straight quarter, the longest declining streak in more than a decade. — Bloomberg

SINGAPORE: Prices of private homes in Singapore dropped for the seventh straight quarter, the longest declining streak in more than a decade, and analysts expect the market to continue to soften for the rest of this year as property cooling measures take their toll.

The second-quarter private residential property index fell 0.9% from the previous quarter to 144.2, with prices dropping across all market segments, Urban Redevelopment Authority data showed.