Posh home prices predicted to slip 0.3-0.5% in 4Q

Could this be a good sign?

According to Knight Frank, looking ahead towards the last quarter this year in light of existing cooling measures and as TDSR ruling continues to bite, further price moderation is expected in most market segments. 

High-end private home prices are likely to post an average 0.3 per cent to 0.5 per cent q-o-q decrease in 4Q 2013.

Here's more from Knight Frank:

The mid-tier segment in the RCR could see an uptick in private home prices with modest price increase of about 0.2 per cent q-o-q, in view of upcoming new project launches at good locations.

Mass market home price escalation could further moderate with marginal increases of around 0.5 per cent to 1 per cent q-o-q, as developers adjust new sale prices to boost sales performance in light of an anticipated high influx of new projects up for launch.

Overall prices for private homes are expected to increase by 1 to 2 per cent annually by year-end.