Updated: 04/02/2014 00:48

Prices of private properties fell 1.3% in Q1



Prices of private properties fell 1.3% in Q1

Prices of private residential properties fell 1.3 per cent in the first three months of this year, the second consecutive quarter of decline. 

The decline is steeper than the 0.9 per cent fall in the last three months of 2013. 

The Urban Redevelopment Authority, URA, says prices of non-landed private residential properties in all market segments declined. 

Its flash estimates show that prices of non-landed properties in the core Central Region fell 1.3% after declining 2.1% in the previous quarter. 

This is the fourth consecutive quarter of price decline in this segment. 

Prices of private properties Outside the Central Region decreased for the second consecutive quarter, by 0.3%, compared to the one per cent fall Pin the previous quarter. 

In the Rest of Central Region, prices fell a steeper 2.8%,reversing the 0.4% increase in the previous quarter. 

URA says prices of landed private residential properties fell for the second consecutive quarter, by 0.6%, after the decline of 1.0% in the previous quarter.

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