Private residential prices slipped 1.3% in Q3

Prices in the OCR saw the biggest decline.

Flash estimates released today by the Urban Redevelopment Authority (URA) show that the overall private residential property index fell to 142.3 points in the third quarter, representing a quarterly decline of 1.3%.

This represents a greater pace of decline compared to the 0.9% contraction in the previous quarter.

Prices of non-landed private residential properties declined in all market segments. In Core Central Region (CCR), prices fell 1.3%, compared to the 0.6% decline in Q2.

Prices in Rest of Central Region (RCR) fell 1.5%, compared to the 0.6% decline in the previous quarter.

Meanwhile, In Outside Central Region (OCR), prices fell 1.6%, compared to the 1.1% decline in the previous quarter.