Singapore high-end residential prices dip amidst rental declines

Average prices in Singapore’s luxury prime market declined by 2.9% q-o-q, says Jones Lang LaSalle.

Jones Lang LaSalle reported:

Average prices in Singapore’s luxury prime market declined by 2.9% q-o-q on the back of ongoing rental declines and property cooling measures in place.

Rental correction, government policies and generally weaker investor sentiment should underpin further price declines in Singapore in 2H12.

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