Singapore house price decline slows to -0.3% in Q2
Private property prices in Singapore have fallen for the 15th straight quarter, although their slowing rate of decline hints an end may be in sight to the four-year slump, according to data from the Urban Redevelopment Authority. It revealed private residential prices fell 0.3% in the three months to 30 June after falling 0.4% in Q1, however, prime areas fell by 0.9% in the same period after a fall of 0.4% in Q1. The government has tried to stimulate the market, including by easing mortgage restrictions and releasing more land, but the Singaporean central bank warned that expectations needed to be realistic.

SINGAPORE (Nikkei Markets) -- Private home prices in Singapore fell for the 15th straight quarter in the three months to June, but the decline was the slowest since the start of the downturn, strengthening views that the market may have found a bottom.

Flash estimates from the Urban Redevelopment Authority on Monday showed private residential prices in Singapore dipped 0.3% on quarter during the April-June period, following a 0.4% contraction in the first three months of the year.