Singapore Q1 private home prices declines 0.1 pct vs Q4

03-Apr-2012 Intellasia | Reuters | 7:01 AM

Following is advance private home price estimates from the Urban Redevelopment Authority (URA) for the first quarter of 2012:

Quarter-on-quarter, percentage price change:	 

   Quarter     Q1/2012  Q4/2011  Q3/2011  Q2/2011   Q1/2011 

   Singapore     -0.1    +0.2     +1.3      +2.0      +2.2 

   private 

   home prices

Context:

– The 0.1 percent drop marks the first quarterly decline in ingapore private home prices since the second quarter of 2009.

– Prices of non-landed private residential properties fell.9 percent in the core central region.

– Singapore last introduced measures to cool the housing arket in December. The new rules included a requirement that foreigners who are not permanent residents pay an additional stamp duty equal to 10 percent of the property value.

http://www.reuters.com/article/2012/04/02/singapore-economy-property-idUSS7E7L401I20120402