Private residential property prices down 4% in 2014: URA

Property Price Index of Residential Property

SINGAPORE: Private residential property prices fell 1 per cent in the fourth quarter of 2014, according to Urban Redevelopment Authority (URA) flash estimates released on Friday (Jan 2) – a larger decline than the 0.7 per cent slide in the previous quarter, and the fifth consecutive quarters of price decreases.

For the whole of 2014, prices have fallen by 4 per cent, the URA said.

Overall, the private residential property index fell 2.1 points from 207.9 points in the third quarter to 205.8 points in the fourth quarter.

Source: www.channelnewsasia.com

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