ASEAN KEY DESTINATIONS
HDB resale, private home prices fall in Q1
Singapore home prices fell in the first quarter of this year from the last three months of 2013, flash estimates released by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) on Tuesday showed.
HDB resale prices declined for the third consecutive quarter, dropping 1.5 per cent in the January-March quarter from the October-December quarter.
HDB's flash estimate of the first quarter 2014 Resale Price Index (RPI) is 198.6.
Prices had fallen by 1.5 per cent in the fourth quarter and by 0.9 per cent in the third quarter.
The RPI provides information on the general price movements in the resale public housing market.
The RPI for the full quarter and more detailed public housing data for Q1 will be released on April 25.
HDB says it is offering about 3,060 Build-To-Order flats in Bukit Batok and Woodlands in May 2014.
An additional 3,000 flats will be offered in a concurrent Sale of Balance Flats exercise.
Meanwhile, prices of private homes fell for the second straight quarter, declining by 1.3 per cent in the first quarter after a 0.9 per cent drop in the fourth quarter, URA's private residential property price index showed.
Prices of non-landed private residential properties in all market segments declined during the first quarter.
In the core central region, prices fell for the fourth straight quarter, dropping 1.3 per cent in the January-March quarter after declining 2.1 per cent in the previous quarter.
The core central region comprises districts 9, 10 and 11, as well as the downtown core and Sentosa.
Prices in the outside central region decreased for the second consecutive quarter by 0.3 per cent, compared to the 1.0 per cent drop in the previous quarter.
In the rest of central region, prices fell 2.8 per cent, compared with the 0.4 per cent increase in the previous quarter.
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