Residential property prices down in Q1

The 0.1% marginal decline was the first quarterly fall since the 2nd quarter of 2009.

In a release, the Urban Redevelopment Authority said prices of private residential properties fell marginally by 0.1% in 1st Quarter 2012, compared with the 0.2% increase in the previous quarter. This was the first quarterly fall in prices since 2nd Quarter 2009, following nine consecutive quarters of declining price increases.

Prices of non-landed properties in Core Central Region and Rest of Central Region both fell by 0.6% in 1st Quarter 2012, compared with the 0.5% and 0.1% respective increase in the previous quarter. For Outside Central Region, prices increased by 1.1% in 1st Quarter 2012, compared with an increase of 0.6% in the previous quarter.

URA also reported that rentals of private residential properties registered a lower rate of increase compared to the previous quarter. Rentals increased by 0.3% in 1st Quarter 2012, less than the 0.4% increase in the previous quarter. The rate of increase in rentals has been moderating for three consecutive quarters, since 3Q2011. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.