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Private Residential Property Prices Flat-lined in Q1 - Singapore

Prices of private residential properties decreased 0.4% (y-o-y) in the first quarter, compared with the 0.5% decline in the previous quarter, latest data released by Singapore housing authority today showed.

Prices of non-landed properties remained unchanged, compared with the 0.8% decline in the fourth quarter last year. Prices of landed properties declined by 1.8%, compared with the 0.8% increase in the previous quarter.

Prices of non-landed properties in CoreCentralRegion (CCR) decreased 0.4%, compared with the 0.1% increase in the earlier quarter. Prices of non-landed properties in RestofCentralRegion (RCR) and OutsideCentralRegion (OCR) rose 0.3% and 0.1% respectively, compared with the 2.0% and 0.6% decrease in the previous quarter respectively.

Rentals of private residential properties fell 0.9%, compared with the 1.0% decline in the previous quarter.

- APMR News

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