Singapore home prices slid for second straight quarter

As measures cooled demand.

According to a report by Bloomberg, Singapore’s first-quarter home prices slid for a second consecutive quarter as tighter mortgages cooled demand in Asia’s second-most expensive housing market.

An index tracking private residential prices fell 1.3 percent to 211.6 points in the three months ended March 31 following a 0.9 percent decline in the previous three-month period, according to preliminary data released by the Urban Redevelopment Authority today. The latest drop is the largest since June 2009.

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