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Chart of the Day: Average prices of posh condos slipped 0.9% to $2,356 psf
Prices of condos have been dropping.
Savills reported that according to the URA, the price index for private residential properties in Q1/2014 dipped 1.3% QoQ, following the 0.9% contraction in the previous quarter.
By market segment, prices of non-landed private homes fell across all the regions.
Here's more from Savills:
The largest drop of 3.3% was in the RCR, while prices in the OCR and CCR declined by 0.1% and 1.1% respectively.
Similarly, the average price of high-end non-landed homes tracked by Savills continued to soften for the the fourth consecutive quarter, by 0.9% QoQ to S$2,356 per sq ft.
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