Prime areas lead slide in private home prices in Q1
The Core Central Region has been hit harder than other segments by July 2018's ABSD rate hike
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Singapore
APARTMENTS and condos in the prime areas or Core Central Region (CCR) led declines in private home prices in the first quarter of this year.
Compared with the other submarkets, CCR has been the hardest hit by last July's hike in additional buyer's stamp duty (ABSD) rates, which impacts investors and foreigners more severely, points out JLL senior director of research and consultancy Ong Teck Hui.
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