S’pore home prices downtrend

Cooling market: Public and private residential housing stands in the Bukjit Panjang neighbourhood of Singapore. Singapore’s home prices dropped for a seventh consecutive quarter, the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. – Bloomberg

Prices have fallen 8% as at Q3 from their peak in 2013

SINGAPORE: The property market is poised for further slides this year, with weak economic growth and rising interest rates likely to drag prices south.