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URA and HDB flash estimates point to dipping property prices

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Flash estimates released by the URA on 1 October 2015 revealed that the private residential property index dipped to 142.3 points in Q3 2015, a drop of 1.9 points (1.3 per cent), compared to Q2 2015.

Non-landed private property costs fell across all market segments. Costs in the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) declined by 1.3 for each penny, 1.5 for every penny and 1.6 for each penny separately, contrasted with the past quarter.

Costs of Housing Development Board (HDB) resale pads fell also. As per HDB glimmer assesses, the resale value record saw a 0.3 for each penny decrease in Q3 2015. The decrease has backed off in examination to the 0.4 for every penny decay seen in Q2 2015.

Taken from iProperty

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Guest Sunday, 19 November 2017