04 Apr '17, 7am

Landed home prices drop 2.8% in Q1 #AskRealtorMani

Landed home prices drop 2.8% in Q1 #AskRealtorMani

Experts believe the latest URA data shows the private residential market is reaching its trough. Private home prices across Singapore fell 0.5 percent in the first quarter of 2017, the same rate of decline as in the previous quarter, according to flash estimates from the Urban Redevelopment Authority (URA). In Q1 2017, prices of landed properties fell 2.8 percent, while those of non-landed properties remained unchanged. Specifically, prices of non-landed properties in the Outside Central Region (OCR) increased 0.1 percent in Q1 2017. The Core Central Region (CCR) saw prices of non-landed properties dip 0.2 percent, while prices in the Rest of Central Region (RCR) held firm. Desmond Sim, Head of CBRE Research for Singapore and South East Asia, said the latest URA figures “provide another piece of evidence that Singapore’s residential market is reaching its trough”. He noted...

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

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