Private home prices grow smaller 0.4% in Q3 on declines in central, city-fringe areas
The growth in prices of Singapore's private homes moderated in the third quarter of this year, rising by 0.4 per cent from the second quarter.
This was down from the 1 per cent increase in the second quarter over the first quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on Tuesday.
Prices of non-landed homes in the central and city-fringe areas both fell in the third quarter, leaving only suburban apartments and condominiums registering a price rise.
In the central areas, prices declined by 0.5 per cent, gaining pace from the 0.2 per cent slip in the second quarter.