Private home prices fell 0.3% in 2Q2017: URA flash estimate

By Delicia Lim
/ The Edge Property |
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Prices of private homes in Singapore slipped 0.3% q-o-q in 2Q2017, according to the Urban Redevelopment Authority's flash estimate. In 1Q2017, prices fell 0.4%. Overall, the price index has dropped for 15 consecutive quarters, since the peak in the 4Q2013.
Prices of non-landed private homes in the Core Central Region fell by 0.9% in 2Q2017, as compared to 0.4% in the previous quarter.
In the Outside Central Region, prices fell by 0.4% in 2Q2017, after a 0.1% increase in the previous quarter.
Prices in the Rest of Central Region bucked the trend, rising 0.5%, slightly more than the 0.3% increase in the previous quarter.
Separately, prices of landed properties fell by 0.4% in 2Q2017, compared to the 1.8% drop in quarter one.
The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on units sold by developers up till mid-June. The statistics will be updated on July 28 when URA releases the full real estate statistics for 2nd Quarter 2017.
Meanwhile, HDB resale prices slipped 0.1% q-o-q in 2Q2017, compared to the 0.5% drop in 1Q2017. The index for the full quarter, together with more detailed public housing data, will be released on July 28.
In August, HDB will offer about 3,850 Build-To-Order flats in Bukit Batok and Sengkang.
Source: URA
Source: HDB

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