singapore

Prices of private residential properties decreased by 0.4% in 2nd quarter 2016, compared to the 0.7% decline in the previous quarter, according to the Urban Redevelopment Authority (URA).

Prices of landed properties declined by 1.5%, compared to the 1.1% decline in the previous quarter. Prices of non-landed properties decreased by 0.1%, compared to the 0.6% decline in the previous quarter.

Prices of non-landed properties in Outside Central Region decreased by 0.5%, compared to the 1.3% decline previously. Prices of non-landed properties in Rest of Central Region rose by 0.2% after remaining unchanged in the previous quarter. Prices of non-landed properties in Core Central Region increased by 0.3%, after increasing 0.3% previously.

Rentals of private residential properties fell 0.6%, compared to the 1.3% decline in the previous quarter.Developers launched 2,371 uncompleted private residential units (excluding Executive Condominiums, ECs) for sale in 2nd quarter 2016, compared to the 953 units in the previous quarter.

Source: URA

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