Private residential property prices in Singapore dip 0.3% in Q2
The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 2nd Quarter 2017 today.
Overall, the private residential property index fell 0.4 point from 136.7 points in 1st Quarter 2017 to 136.3 points in 2nd Quarter 2017. This represents a decline of 0.3%, compared with the 0.4% decline in the previous quarter.
Prices of non-landed private residential properties fell by 0.9% in Core Central Region (CCR), compared to the 0.4% fall in the previous quarter. Prices in the Rest of Central Region (RCR) increased by 0.5%, after registering an increase of 0.3% in the previous quarter. Prices in Outside Central Region (OCR) decreased by 0.4%, after registering a 0.1% increase in the previous quarter Meanwhile, prices of landed residential properties fell by 0.4%, compared to the 1.8% decrease in the previous quarter.