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Nikkei Markets

Singapore's safe-haven lure boosts home prices in prime areas

Office rents, prices fall unexpectedly, quality spaces fare better

Prices of apartments in prime areas increased by 2.0% in the third quarter.   © Reuters

SINGAPORE (Nikkei Markets) -- Private home prices rose more than expected in the third quarter, driven by demand for apartments in prime districts, but office rents and values posted a surprising fall after steady gains over the past two years.

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