Singapore's home prices slid for a second straight quarter, which, according to Bloomberg, is the longest losing streak in five years. Home prices are still 84% above their year end 2004 levels.
Neighboring Malaysia's House Price Index actually topped out at 135.44% in the second quarter of 2011 and has posted a 3.37% decline since then to 130.87% as of the fourth quarter of 2013. In the first quarter of 2014, home prices rebounded to 133.03%, reducing the decline from the peak to just 1.78%. Home prices are just 33.03% above their year end 2004 levels.
In Thailand, which has been experiencing political turmoil for some time, home prices have remained essentially flat since the end of 2004. Home Prices ended 2013 with the index at 100.54%, just 054% higher than the end of 2004, but showing a substantial recovery since the recent low of 74.08% posted in the third quarter of 2009. In the first quarter of 2014, home prices have rebounded to 102.13%, or 2.13% higher than its year-end 2004 levels, way below its expected inflation adjusted levels.