Chart of the Day: Average prices of posh condos slipped 0.9% to $2,356 psf

Prices of condos have been dropping.

Savills reported that according to the URA, the price index for private residential properties in Q1/2014 dipped 1.3% QoQ, following the 0.9% contraction in the previous quarter. 

By market segment, prices of non-landed private homes fell across all the regions.

Here's more from Savills:

The largest  drop of 3.3% was in the RCR, while prices in the OCR and CCR declined by 0.1% and 1.1% respectively.

Similarly, the average price of high-end non-landed homes tracked by Savills continued to soften for the the fourth consecutive quarter, by 0.9% QoQ to S$2,356 per sq ft. 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley