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Singapore Property Prices Decline For First Time Since 2009

Singapore's property prices declined in the first quarter of 2012 for the first time since the second quarter of 2009, flash estimate from the Urban Redevelopment Authority revealed Monday.

The private residential property price index dipped marginally by 0.1 percent in the first quarter compared to an increase of 0.2 percent in the previous quarter.

Data showed that prices of non-landed private residential properties decreased 0.9 percent in Core Central Region and 0.7 percent in Rest of Central Region in the quarter. Meanwhile, prices in Outside Central Region rose 1.2 percent.

by RTT Staff Writer

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