Private residential prices slipped 1.1% in Q1

RCR home prices declined the most.

Flash estimates from the Urban Redevelopment Authority’s revised private residential property index showed that non-landed private residential home prices declined 1.1% in the first quarter.

This represents the sixth straight quarter of price declines. Prices of non-landed private residential properties declined in all market segments, as they did in the previous quarter.

Price fell 0.6% in Core Central Region (CCR), 1.8% in Rest of Central Region (RCR), and 0.9% in Outside Central Region (OCR). Prices of landed properties fell 1.1%.

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