30 Apr '17, 11pm

Good morning, is this good news for buyers?

Prices of landed properties registered the largest decline of 1.8 percent in Q1 2017. Prices of private residential properties fell 0.4 percent in Q1 2017, following a 0.5 percent drop in the previous quarter, according to data released on Friday (28 April) by the Urban Redevelopment Authority. This is the 14th consecutive quarter of overall price decline. Prices of non-landed properties remained unchanged, after falling 0.8 percent in Q4 2016. Specifically, prices in the Core Central Region (CCR) declined 0.4 percent, compared with the previous 0.1 percent increase. In the Rest of Central Region (RCR) and Outside Central Region (OCR), prices rose 0.3 percent and 0.1 percent, compared with the 2.0 percent and 0.6 percent decrease in the previous quarter, respectively. Dr Lee Nai Jia, Head (SEA) Research at Edmund Tie & Co., said home prices in the RCR and OCR were boosted ...

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

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