Prices of private homes in Singapore down by 4.79 % during the first nine months of 2014, contrast to a yearly increase of 2.1 % in the same period last year, reported from Global Property Guide.
Considering quarterly basis, private units price immersed by 0.38% in third quarter from the recent three months.
Meanwhile, residential need in the city-state is decreasing. According to information from the Urban Redevelopment Authority (URA), the sales of housing units in the third quarter from last year dipped 38.6 % to 1,465 units.
The economy of Singapore is also slowing, with estimates of 2.96 % increase this year, dropping from 3.9 % in 2013, International Monetary Fund (IMF) reported.
With 10 Asian markets covered in the report, only China and Singapore experienced house prices decline during the year.
Singapore Property offered list of remarkable private properties including Sunnyvale Residences, Sims Urban Oasis and Lake Life EC just to name a few.
