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Resale prices of shoebox flats fall as investors turn cautious

2012 aug 1
http://www.straitstimes.com/breaking-news/singapore/story/resale-prices-shoebox-flats-fall-investors-turn-cautious

By Esther Teo

Resale prices of tiny apartments dipped last month, with the once red-hot segment seeming to fall out of favour.

Prices of resale flats of 506 sq ft or less fell by 1.4 per cent in June compared with the month before, according to preliminary figures in the Singapore Residential Price Index yesterday.

Values in May rose 0.7 per cent over April.

Overall resale prices held steady last month compared with a 1.4 per cent increase from April to May. Prices of centrally located homes eased 0.9 per cent while that of non-central homes increased 0.7 per cent.

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