Singapore property prices could drop 3 to 5 per cent

Property-report.com, 25 Feb 2011Singapore prices may drop thee to five per cent this year, according to City Development (CDL) billionaire chairman Kwek Leng Beng.Kwek made the prediction while his company, the second biggest developer in Singapore, announced a record pre-tax profit of over S$1 billion (US$783 million) in 2010.Kwek said that the drop in prices could offer opportunities for buyers