Home prices down slightly by 0.1% in Q2

The price index went down to 136.6.

Home prices in Singapore have dipped slightly in the second quarter of the year.

According to the latest statistics from the Urban Redevelopment Authority, prices of private residential properties decreased by 0.1% in 2Q17, compared with the 0.4% decline in the previous quarter.

For landed properties, prices declined by 0.3%, a slight improvement with the 1.8% decrease in the previous quarter. Prices of non-landed properties declined by 0.1%, after remaining unchanged in the previous quarter.

The prices of non-landed properties in Core Central Region (CCR) decreased by 0.5%, compared with the 0.4% decrease in the previous quarter.

Meanwhile, the prices of non-landed properties in Rest of Central Region (RCR) increased by 0.6%, compared with the 0.3% increase in the previous quarter. Prices of non-landed properties in Outside Central Region decreased by 0.3%, compared with an increase of 0.1% in the previous quarter.