New York, April 02 (alphajetsusa.com) – As compared to the last three months, the prices of private homes in Singapore declined in the first quarter.
According to the analysts, the decline was expected as the prices begin to crawl in October-December period following nine consecutive quarters of moderating growth.
In the January-March, the prices of private residential properties declined 0.1%. Prices of non-landed private residential properties skidded 0.9%. In the other parts of the central region prices were 0.7% lower .
However, the prices of private property apart from central region rose 1.2% in the January-March period due to resilient demand for the mass-market segment, which had registered strong sales in January and February.