Singapore: As prices dip across the island, sellers were taking some hits. Some owners sold their private homes at a loss last year. At the upper end of the property market, sellers of high-end properties took losses upwards of $2 million. Meanwhile the rental market likewise softened.
Property transaction data from SRX showed that 161 transactions or 4.2% of the secondary market deals suffered losses last year, up from just 1.96% or 103, in 2013.
Losses in 2013 were 1.96% of secondary market transactions.
Losses in 2012 were 1.5% of secondary market transactions.
Losses in 2011 were 1.8% of secondary market transactions.