Source : The Business Times, April 24, 2009
The official private home price index in Singapore fell 14.1 per cent in Q1 2009 over the preceding quarter, a steeper declined than the 6.1 per cent quarter-on-quarter drop registered in Q4 2008.
Real estate data released by Urban Redevelopment Authority (URA) today also show that prices of office, shop and industrial properties decreased by 12 per cent, 4.2 per cent and 10.1 per cent respectively in Q1 2009 over the preceding three months.
Rentals of private residential, office, shop and industrial properties posted quarter-on-quarter declines of 8.5 per cent, 10.7 per cent, 3.3 per cent and 5.6 per cent respectively in Q1 2009.
Related Article - http://www.ura.gov.sg/pr/text/2009/pr09-17.html
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