SINGAPORE, April 1 Singapore's Urban
Redevelopment Authority released flash estimates for the change
in Singapore private home prices during the first quarter of
Quarter-on-quarter, percentage price change:
Quarter Q1/2014 Q4/2013 Q3/2013 Q2/2013
Singapore private -1.3 -0.9 +0.4 +1.0
- Prices of non-landed private residential properties in all
market segments declined in the first quarter of 2014.
- In the core central region, prices fell 1.3 percent after
falling 2.1 percent in the previous quarter, marking the fourth
consecutive quarter-on-quarter decline.
- In the rest of central region, prices fell 2.8 percent,
compared with the 0.4 percent increase in the previous quarter.
- Prices of non-landed private residential properties
outside the central region decreased for the second consecutive
quarter, by 0.3 percent, after a 1.0 percent decrease in the
- Prices of landed residential properties fell for the
second consecutive quarter, by 0.6 percent, following a 1.0
percent drop in the previous quarter.
- Transactions in Singapore's housing market have fallen in
recent months, hurt by the government's latest efforts to cool
its housing market as well as concerns about rising interest
rates and the upcoming supply of new apartments.
- The flash estimates are compiled based on transaction
prices given in caveats lodged during the first 10 weeks of the
quarter, supplemented by information on new units sold by
- URA will provide detailed statistics four weeks later.
(Reporting by Masayuki Kitano; Editing by Paul Tait)