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Economy

Singapore home prices fall again as economy, measures bite

Private residences in prime areas hardest hit

Flash estimates from the Urban Redevelopment Authority showed private home prices fell 0.6% in the three months to March from the previous quarter, when they edged down 0.1%.   © Reuters

SINGAPORE (Nikkei Markets) -- Prices of private homes in Singapore edged lower for a second straight quarter led by those in prime areas, strengthening the likelihood of a continued downtrend as sentiment remains weak due to a slowing economy and government measures to cool the market.

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