Prices of posh non-landed properties in Core Central Region dipped 0.2%

Versus 0.6% increase in 1Q13.

According to Knight Frank, URA’s latest flash estimates show private home prices increased 0.8 per cent quarter-onquarter (q-o-q) and 3.9 per cent year-on-year (y-o-y) in 2Q 2013, the highest annual increase since 4Q 2011.

The increase was mainly attributed to the whopping 3.0 per cent q-o-q increase in 2Q 2013 for the mass market segment in the OCR.

Here's more from Knight Frank:

Prices of high-end non-landed properties in Core Central Region (CCR) declined by 0.2 per cent q-o-q in 2Q 2013, compared to 0.6 per cent increase in 1Q 2013.

Prices of mid-market properties in the RCR stabilized with 0.2 per cent q-o-q increase in 2Q 2013, similar to the increase in 1Q 2013.

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