Private property prices down for fourth straight quarter: URA

Prices of private residential properties in the third quarter of 2014 fell by 0.6 per cent from the previous quarter – the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Wednesday (Oct 1).

The price decline was observed across all segments of the non-landed private residential property market, URA said.

Prices of landed properties declined by 1.7 per cent, matching the 1.7 per cent decline in the previous quarter.

Prices of non-landed properties in the Core Central Region (CCR) declined by 0.9 per cent from the previous quarter, following the 1.5 per cent decrease in the April to June period.

Prices in the Rest of Central Region (RCR) declined by 0.1 per cent, after decreasing by 0.4 per cent in the previous quarter. In the Outside Central Region (OCR), prices declined by 0.2 per cent, after the 0.9 per cent decline in the previous quarter.

Source : Channel NewsAsia – 1 Oct 2014

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