27 Apr '15, 3pm

Singapore Property News This Week #205

In the first quarter, private home prices have fallen by 1 percent, according to the Business Times. Rents have also fallen by 1.7 percent. Data from the Urban Redevelopment Authority (URA) showed that the fall in prices and rents in the private residential property market has persisted for six consecutive quarters. In Q1, prices of non-landed properties fell by 0.4 percent in the core central region, 1.7 percent in the rest of central region and 1.1 percent in the outside central region, according to URA’s data. On the other hand, a 0.9 percent fall was observed in prices of landed properties. Compared to the previous quarter, Q1 rents of non-landed homes have fallen by 1.9 percent in the core central region, 1.8 percent in the outside central region and 1.6 percent in the rest of central region. Chia Siew Chuin from Colliers International said that developers have offere...

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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