Singapore Private HomeRents 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.

Upcoming Singapore property located at the Core Central Region includes, The Gramercy Park at Grange Road, The Asana Condominium at Queen's Road and Wallich Residence at Wallich Street, Singapore.

 

Written by Siang Teck of Property Review. I can be contacted at [email protected]