Singapore house prices fall, central bank offers homeowners mortgage relief

House prices in Singapore fell this year as the coronavirus outbreak sent the economy into its steepest contraction in a decade.Property values declined 1.2 per cent in the three months ended March 31, according to a preliminary estimate from the Urban Redevelopment Authority released on Wednesday. That compares to a 0.5 per cent gain in the fourth quarter.Singapore’s new social distancing laws send needed signal, experts sayWith the city state limiting gatherings to a maximum 10 people, the…