SINGAPORE - Prices of Singapore's private homes fell for the eighth straight quarter to 4-1/2-year lows due to government-introduced cooling measures, indicating sluggish property markets will add to deflationary pressures in the city-state.
The third-quarter private residential price index fell 1.3 per cent from the previous quarter to 142.3, with prices dropping across all market segments, Urban Redevelopment Authority data showed on Friday. The index was at its lowest since the first quarter of 2011.