Rents and prices of Singapore private residential properties continued to drop at a slower pace in the second quarter of 2016, the Urban Redevelopment Authority (URA) released the data on 22 July.
Prices of Private home declined by 0.4% in the recent quarter, compared to the 0.7% fall in the first quarter of 2016.
Prices of Singapore landed properties dropped the most by 1.5%, compared to the 1.1% declined in the first quarter. While for Singapore apartments, only a 0.1% price fall was registered, compared to the 0.6% drop in the previous quarter.
Meanwhile, rentals for Singapore private units dropped by 0.6%, compared to the 1.3% fall in first quarter.
For the Rest of Central Region (RCR), rentals of apartments decline by 0.6%, for Outside Central Region (OCR), apartment rentals drop by 1.2 percent, and in the Core Central Region, a rose by 0.1 percent was registered, compared to the 1.7% fall in the previous quarter.