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Singapore private property market slowdown deepens in nearly all segments in Q2

Published on Jul 1, 2014 9:29 AM
 
Landed property off Farrer Road. The private housing market continued to weaken in the second quarter of this year, with the pace of the slowdown worsening in nearly all regions except the city fringe. -- PHOTO: ST FILE

The private housing market continued to weaken in the second quarter of this year, with the pace of the slowdown worsening in nearly all regions except the city fringe.

Overall prices of private homes fell 1.1 per cent in April through June from the three months before, according to Urban Redevelopment Authority flash estimates released on Tuesday.

This was in line with analysts' earlier predictions of a drop between 1 and 2 per cent.

It was also the third consecutive quarter of decline.

 
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