Tag Archives: Market Report

S’pore Q2 pte home prices down 4.7%

Posted on 25 Jul 2009 | Comments Off on S’pore Q2 pte home prices down 4.7%

Prices of Singapore’s private homes fell 4.7 per cent in the second quarter, less than earlier estimated.

The Urban Redevelopment Authority said in a news release on Friday that the price index of private residential property, for the three-month period ending June, dropped to 133.3 from 139.9 in the first quarter, falling for the fourth straight quarter.

Preliminary figures from the URA earlier this month showed prices easing 5.9 per cent.

It also said that house rentals were down 5.2 per cent in the second quarter after a 8.5 per cent drop in the first three months of this year.

Source : Business Times – 24 Jul 2009

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Private home prices fall 4.7% in Q2

Posted on 25 Jul 2009 | Comments Off on Private home prices fall 4.7% in Q2

Private home prices in Singapore fell 4.7 per cent in the second quarter of this year, compared with the previous three months.

Although that marked the fourth straight quarter of falls, the pace of the decline appeared to be moderating.

Prices fell a record 14.1 per cent on quarter in the January to March period.

The second quarter decline was also better than 5.9 per cent fall predicted in the advance estimate released earlier this month.

Meanwhile, private residential rents fell 5.2 per cent in the second quarter, compared with an 8.5 per cent drop in the first quarter.

Source : Channel NewsAsia – 24 Jul 2009

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