Singapore high-end residential prices dip amidst rental declines
Average prices in Singapore’s luxury prime market declined by 2.9% q-o-q, says Jones Lang LaSalle.
Jones Lang LaSalle reported:
Average prices in Singapore’s luxury prime market declined by 2.9% q-o-q on the back of ongoing rental declines and property cooling measures in place.
Rental correction, government policies and generally weaker investor sentiment should underpin further price declines in Singapore in 2H12.