24 Apr '15, 3am

#GlobalREBubble #Singapore Prices of private homes down 1.0% @SGPropertyGuru

#GlobalREBubble #Singapore Prices of private homes down 1.0% @SGPropertyGuru

Comment E-mail to friend Bookmark & Share Private property prices fell 1.0 percent in the first quarter of 2015 from the previous three-month period, according to more complete data published by the Urban Redevelopment Authority (URA). Flash estimates at the start of April revealed a slightly bigger drop of 1.1 percent. Still, this represents the sixth straight quarter of price decline for the private residential market which has been severely impacted by several rounds of cooling measures. In Q4 2014, prices of private units fell 1.1 percent. For the whole of 2014, prices dropped 4.0 percent. Price declines were seen across all segments of the private residential market. Non-landed property prices in the city area (Core Central Region) slipped 0.4 percent, less than the 0.9 percent drop in the previous quarter. The city fringe (Rest of Central Region) recorded a 1.7 perce...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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