Chart of the Day: This chart reveals how much property prices have fallen in all segments since 2Q13

The high-end segment is the biggest loser.

The past quarter has been an especially lean season for private residential developers. Builders of high-end homes are the biggest losers in this game, as the prices of luxury properties fell by 10.1 per cent q-o-q from $2,358 per sq ft in 1Q 2014 to $2,120 per sq ft in 2Q 2014.

According to a report by Knight Frank, average prices of mid-tier properties decreased 5.4 per cent q-o-q from $1,612 per sq ft to $1,526 per sq ft.

This comes after smaller-magnitude declines of 2.3 per cent and 1.2 per cent in 1Q 2014 and 4Q 2013. On a y-o-y basis, average prices of this tier of properties have fallen 6.0 per cent.

On the other hand, prices of mass market private homes bucked the trend by holding up in 1Q 2014, rising 2.1 per cent q-o-q over the same period to an average $1,048 per sq ft. However, average prices have fallen by 2.6 per cent y-o-y for this segment,.

“The resale market saw an overall increase in number of transactions for 2Q 2014, with some investors possibly seeing falling prices as an opportunity to invest in this segment that typically offer larger unit sizes compared to new sale units,” noted the report.