Advertisement
Singapore markets close in 2 hours 52 minutes
  • Straits Times Index

    3,175.51
    +3.58 (+0.11%)
     
  • Nikkei

    39,886.37
    +145.97 (+0.37%)
     
  • Hang Seng

    16,573.66
    -163.44 (-0.98%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Bitcoin USD

    65,068.85
    -3,436.66 (-5.02%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.63 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.25 (+0.82%)
     
  • Gold

    2,160.60
    -3.70 (-0.17%)
     
  • Crude Oil

    82.47
    -0.25 (-0.30%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,550.00
    -3.64 (-0.23%)
     
  • Jakarta Composite Index

    7,344.13
    +41.68 (+0.57%)
     
  • PSE Index

    6,897.05
    +43.76 (+0.64%)
     

Private home prices, rents down at slower pace

View of private apartments in Singapore. Prices and rents of private residential properties continued to fall in the second quarter of 2016, but at a slower pace, according to more complete data released by the Urban Redevelopment Authority (URA) on Friday, 22 July.
Private home prices dipped by 0.4 percent last quarter, compared to the 0.7 percent decrease in Q1.
Prices of landed properties fell the most by 1.5 percent, compared to the 1.1 percent drop in the previous quarter. However, prices of apartments only registered a 0.1 percent fall, compared to the 0.6 percent decline in the previous quarter.
Meanwhile, rentals of private units across the island fell by 0.6 percent, compared to the 1.3 percent decline in the previous quarter.
Apartment rentals fell by 0.6 percent and 1.2 percent in the Rest of Central Region (RCR) and Outside Central Region (OCR) respectively, but rose by 0.1 percent in the Core Central Region, compared to the 1.7 percent decline in the quarter before.

Property Price Index of private residential properties Q2 2016
Property Price Index of private residential properties Q2 2016

Source: URA

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

More from PropertyGuru:
HDB resale flat prices stay flat in Q2
Office, retail rents suffer sharper declines in Q2
Balcony living
Wooing overseas Singaporeans home