Breaking news: private homes prices down for fourth straight quarter!

By The Folks @PropTalk - October 1, 2014 No Comments

Prices of private residential properties in the third quarter of 2014 fell by 0.6% from the previous quarter - the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Wednesday (Oct 1).
The price decline was observed across all segments of the non-landed private residential property market, URA said. 
Prices of landed properties declined by 1.7%, matching the 1.7% decline in the previous quarter. 
Prices of non-landed properties in the Core Central Region (CCR) declined by 0.9% from the previous quarter, following the 1.5% decrease in the April to June period.
Prices in the Rest of Central Region (RCR) declined by 0.1%, after decreasing by 0.4% in the previous quarter. In the Outside Central Region (OCR), prices declined by 0.2%, after the 0.9% decline in the previous quarter.
Source: CNA

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