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Singapore's private home prices fall 0.9% in Q4 2013

Published on Jan 24, 2014 8:36 AM
 
Private home prices fell by 0.9 per cent in the last three months of last year, a slightly faster pace than previously estimated, the Urban Redevelopment Authority (URA) said on Friday. -- ST FILE PHOTO: ALPHONSUS CHERN

Private home prices fell by 0.9 per cent in the last three months of last year, a slightly faster pace than previously estimated, the Urban Redevelopment Authority (URA) said on Friday.

Earlier this month, the URA had estimated that private home prices fell 0.8 per cent in the fourth quarter last year, based on transactions in the first 10 weeks of the quarter.

The decline in home prices is the first in nearly two years and comes after prices rose 0.4 per cent in the third quarter of last year.

Rents for private homes also sank in the fourth quarter, falling 0.5 per cent in their first decrease since 2009.

 
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