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Shandy Tong
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ORANGETEE & TIE PTE LTD
CEA Licence No.:
L3009250K / R006026J

shandytong@yahoo.com.sg
Call (+65) 8288 8078 - (+65) 9029 6282

News: Private home prices down 1.3% in Q1

Apr 1, 2014

Private residential property prices in Singapore fell by 1.3 percent in the first quarter of 2014, according to URA flash estimates released today.

This is higher than the 0.9 percent decline in the previous quarter.

Prices of non-landed private residential properties declined in the first quarter this year.

In the Core Central Region (CCR), prices slid 1.3 percent after decreasing 2.1 percent in the previous quarter. This is the fourth consecutive quarter of price decline in this segment, noted URA.

Prices in the Outside Central Region (OCR) dropped for the second consecutive quarter, by 0.3 percent compared to the previous 1.0 percent dip.

Over in the Rest of Central Region (RCR), prices fell 2.8 percent, compared with the 0.4 percent increase in the quarter before.

Meanwhile, prices of landed homes fell for the second consecutive quarter, by 0.6 percent, after the decline of 1.0 percent previously.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter, supplemented by data on new units sold by developers in the first two months of the quarter.

URA will release updated figures four weeks later once more data on caveats lodged and take-up of new projects is captured.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

 

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Shandy Tong
Senior Associate Director
ORANGETEE & TIE PTE LTD
shandytong@yahoo.com.sg
CEA Licence No.:
L3009250K / R006026J
(+65) 8288 8078
(+65) 9029 6282
 


 
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