Singapore private home prices fall 1.2% q-o-q in Q1 2020: URA flash estimate

Singapore private residential prices decline 1.2% quarter-on-quarter in the first quarter of this year with homes in the core central region registering the biggest decline. This is primarily caused by Covid-19 outbreak with the drop in foreign buyers due to travel restriction and the cautious sentiments of local buyers due to job insecurity. Developers are also more price sensitive and hence leading to more attractive price strategy.

Source: https://www.businesstimes.com.sg/real-estate/singapore-private-home-prices-fall-12-q-o-q-in-q1-2020-ura-flash-estimate

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