As the slowdown in Singapore’s housing market deepens, investors are questioning when the government may relax its anti-speculation curbs.
Private residential prices in the city-state dipped 1.1 percent on quarter in the April-to-June period, according to a flash estimate released by the Urban Redevelopment Authority (URA) on Tuesday, marking three consecutive quarters of falling prices. Prices fell 1.3 percent and 0.9 percent in the previous two quarters.
And a host of factors including increased supply, rising mortgage rates and a weak rental market are expected to push property prices lower over the course of 2014-2015.
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