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Prices of private homes in Singapore fell

PRICES of private homes in Singapore fell 0.5 per cent quarter on quarter in Q1 2017, based on the Urban Redevelopment Authority's (URA) flash estimates released on Monday morning.

This is the same rate of decline in the private-home price index as in Q4 2016. Upcoming new launch condo include The Tapestry , The Jovell, Park Colonial, The Opus, Amber 45, Jui Residences, 33 Residences , 8 Hullet, 120 Grange, The Biltmore, Muse @ Newton, Harbour View Gardens, Daintree Residence , Parkwood Residences, The Verandah Residences, Sea Pavilion Residences , Parc Botannia, Sengkang Central condo while existing ones include Rezi 35, Carpmael Thirty Eight , Fivenine, Sixteen35 Residences and Kandis Residence Kingsford Waterbay, Seaside Residences and Grandeur Park Residences.

The benchmark index has fallen for 14 consecutive quarters.

URA's index for landed residential properties fell 2.8 per cent in Q1 2017, contrasting with a 0.8 per cent increase in Q4 2016.

Prices of non-landed private residential properties fell by 0.2 per cent in Core Central Region, compared to the 0.1 per cent increase in the previous quarter. Prices in the city-fringe or Rest of Central Region remained unchanged, after registering a decrease of 2.0 per cent in the previous quarter. Prices in the suburbs or Outside Central Region rose 0.1 per cent, after registering a 0.6 per cent decline in the previous quarter.

Prices of landed properties declined
Resale prices fallen by 0.2 per cent