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Suburban home prices in Q4 fall for first time since 2009: URA flash estimates

Published on Jan 2, 2014 8:59 AM
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Potential buyers turn up at the launch of the Urban Vista, which is next to the Tanah Merah MRT station. Private home prices fell 0.8 per cent in the last quarter of 2013 from the previous quarter, according to Urban Redevelopment Authority flash estimates. -- ST FILE PHOTO: KUA CHEE SIONG

Private home prices fell for the first time in nearly two years in the last quarter of 2013 as a raft of curbs took their toll on the market.

The previously buoyant mass-market segment also succumbed to gravity for the first time since 2009.

Overall private home prices fell 0.8 per cent in October through December from the preceding three months, according to Urban Redevelopment Authority flash estimates released on Thursday.

This was a reversal of the 0.4 per cent increase in the third quarter this year from the preceding quarter. As a whole, private home prices grew 1.2 per cent in 2013, which was less than the 2.8 per cent increase in 2012, the URA said.

 
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