Luxury home prices to slide another 10% this year

Following a 7.4% drop last year.

The battered luxury residential sector will see further price cuts this year, after slipping by 7.4% for the whole of 2014.

According to Colliers Deputy Managing Director Grace Ng, prices of luxury and super luxury apartments may slide by up to 10% this year.

Now may be a good time for interested homebuyers to enter the market, especially buyers with deep pockets who can afford homes in prime districts such as Districts 9, 10, and 11.

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