Public, private home prices down after govt curbs
Weak demand plus bumper supply could spell a buyer's market this year
Both public and private housing prices in Singapore have finally come down after a raft of government market curbs.
Prices in the once red-hot suburban private home market dropped in the fourth quarter of last year for the first time since 2009, new data yesterday showed. This dragged down overall private home prices.
Housing Board flat resale prices also tumbled in the October to December period, hard on the heels of a third-quarter decline.
This marked the first time public housing prices have slid for two straight quarters since 2005.