Chart of the Day: Check out the declining residential property prices

Price index decreased by 0.5% in 4Q16.

According to the latest figures from URA, prices of landed properties rose by 0.8%, compared with the 2.7% decline in the previous quarter. Prices of non-landed properties decreased by 0.8%, compared with the 1.2% decline in the previous quarter. For the whole of 2016, prices of landed properties decreased by 4.5% while prices of non-landed properties fell by 2.6%.

"Prices of non-landed properties in Core Central Region (CCR) increased by 0.1%, compared with the 1.9% decrease in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) and Outside Central Region (OCR) decreased by 2.0% and 0.6% respectively, compared with the 1.0% decrease in RCR and 1.0% decrease in OCR in the previous quarter. For the whole of 2016, prices in CCR, RCR and OCR declined by 1.2%, 2.8% and 3.4% respectively," URA said.

Rentals of private residential properties fell 1.0%, compared with the 1.2% decline in the previous quarter. For the whole of 2016, rentals of private residential properties fell 4.0%, compared with the 4.6% decline in 2015.

Also Read

Why Singapore's condo resale prices surge amidst price gap

Condo resale prices increase by 5.0 YoY in March

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit