Private residential property prices slipped for the fourth straight quarter in Q3

Prices fell in all market segments.

Private residential property prices fell 0.6% in the third quarter, according to flash estimates released today by the Urban Redevelopment Authority.

Overall, the private residential property index fell 1.3 points from 209.4 points in Q2 to 208.1 points in Q3. The 0.6% decline is lower compared to the 1.0% decline in the previous quarter.

This is the fourth continuous quarter of price decrease. 

Prices of non-landed private residential properties declined in all market segments. In Core Central Region, prices fell 0.9%, compared to the 1.5% decline in Q2. Prices in Outside Central Region fell 0.2%, compared to the 0.9% decline in the previous quarter. In Rest of Central Region, prices fell 0.1%, compared to the 0.4% decline in Q2.

Prices of landed properties fell 1.7%, equal to the 1.7% decline in the previous quarter.