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Has Singapore’s property bubble already burst?

Has Singapore’s property bubble already burst?

    Despite dire predictions of sharp drops, Singapore’s property prices don’t seem to have budged much, but statistics may mask a market already in deep decline. The official price index data appear largely benign, down just 0.7 percent in the third quarter, for a cumulative decline of less than 4 percent from the peak in 2012. Read More Slump in Singapore prime property worst globally But that’s the wrong price data to look at, said Alex Shlaen,…

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