Singapore private home prices weaken further with 1.1% drop in Q2: URA

Overall prices of private non-landed properties decline by a marginal 0.6% in Q2 based on URA flash data. The biggest contributor is by the rest of central region declining by 1.9% followed the core central region by 0.1%. Prices outside the central region remains unchanged. With regards to the landed property segment, prices fell by a slightly wider margin of 2.7% in Q2. In terms of transaction volume, new and resale caveats were only about 50% and 25% of what was transacted in the same quarter last year.


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