Friday, July 24, 2009

S'pore Q2 Pte Home Prices Down 4.7%

Source : The Business Times, July 24, 2009

Prices of Singapore's private homes fell 4.7 per cent in the second quarter, less than earlier estimated.

The Urban Redevelopment Authority said in a news release on Friday that the price index of private residential property, for the three-month period ending June, dropped to 133.3 from 139.9 in the first quarter, falling for the fourth straight quarter.

Preliminary figures from the URA earlier this month showed prices easing 5.9 per cent.

It also said that house rentals were down 5.2 per cent in the second quarter after a 8.5 per cent drop in the first three months of this year. -- BT ONLINE

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