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Resale flat prices drop 1.3 per cent in second quarter

Published on Jul 1, 2014 9:38 AM
 
 An aerial view of HDB flats. Property prices have continued its decline in the second quarter of this year going by official estimates. -- PHOTO: ST FILE

SINGAPORE - Property prices have continued its decline in the second quarter of this year going by official estimates.

Resale flat prices dipped for the fourth consecutive quarter according to flash figures released by the Housing Board on Tuesday.

The resale price index fell 1.3 per cent from April to June, slightly less than the 1.6 per cent drop in the preceding quarter.

The index, which measures the general price movements of resale flats, has been contracting since the end of 2012, which saw resale prices riding a bull run that started in the first quarter of 2009.

 
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