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SC Capital staying clear of Singapore home market until prices drop 30%

Founder says intensity and severity of government cooling measures "caught us by surprise"

Home prices across the island fell for a sixth consecutive quarter in the first three months of the year, the longest losing streak in more than a decade.


SC CAPITAL Partners, which booked a loss from the sale of Singapore apartments to Blackstone Group LP in January, said that prices in the city-state need to drop another 30 per cent.

Suchad Chiaranussatti, founder of the Asian property fund, said that he won't be re-