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Tuesday, August 23, 2011

S’pore luxury home prices fall

SINGAPORE: Luxury home prices in Singapore fell during the second quarter as Asia's high-end residental market showed signs of softening amid tighter mortgage lending and rising interest rates, property services firm CB Richard Ellis said.Latest business news from AP-Wire

Singapore luxury home prices declined 1.7% in local currency terms in AprilJune from the preceding quarter, while average rents fell 1.9% as completed units came onto the market, it said in a statement yesterday.

By Reuters

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