Private residential prices slipped 1.1% in Q1
RCR home prices declined the most.
Flash estimates from the Urban Redevelopment Authority’s revised private residential property index showed that non-landed private residential home prices declined 1.1% in the first quarter.
This represents the sixth straight quarter of price declines. Prices of non-landed private residential properties declined in all market segments, as they did in the previous quarter.
Price fell 0.6% in Core Central Region (CCR), 1.8% in Rest of Central Region (RCR), and 0.9% in Outside Central Region (OCR). Prices of landed properties fell 1.1%.