Private residential property prices declined 0.7% in the 1Q ended March, compared with the 0.5% decline in the previous quarter, according to flash estimates from the Urban Redevelopment Authority released this morning.
Prices of non-landed private residential properties rose by 0.4% in Core Central Region (CCR), compared with the 0.3% decline in the previous quarter.
Prices in Rest of Central Region (RCR) declined by 0.4%, the same rate of change as in the previous quarter.
Prices in Outside Central Region (OCR) declined by 0.9%, after registering no change in the previous quarter.
The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on new units sold by developers up till mid-March.
The statistics will be updated four weeks later when URA releases the full real estate statistics for the first quarter.
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Prices of non-landed private residential properties rose by 0.4% in Core Central Region (CCR), compared with the 0.3% decline in the previous quarter.
Prices in Rest of Central Region (RCR) declined by 0.4%, the same rate of change as in the previous quarter.
Prices in Outside Central Region (OCR) declined by 0.9%, after registering no change in the previous quarter.
The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on new units sold by developers up till mid-March.
The statistics will be updated four weeks later when URA releases the full real estate statistics for the first quarter.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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