Wednesday, 5 October 2011
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Asia Property Report, 5 Oct 2011
The prices for luxury residential properties in Singapore have declined by five per cent from the peak in 2008, while the mid and lower end markets have suffered a drop of 12 per cent.
The market has recently seen the negative effects spilling over from the global financial crisis with luxury properties remaining out of favour for most investors, who amidst the turmoil seek lower risk assets. Full story
High-end real estate declining in Singapore
Asia Property Report, 5 Oct 2011The prices for luxury residential properties in Singapore have declined by five per cent from the peak in 2008, while the mid and lower end markets have suffered a drop of 12 per cent.
The market has recently seen the negative effects spilling over from the global financial crisis with luxury properties remaining out of favour for most investors, who amidst the turmoil seek lower risk assets. Full story
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