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FINWIRES

Singapore's Private Residential Price Index Inches Up 0.9% in Q1

-- Singapore's overall private residential price index rose 0.9% in the first quarter of the year, up slightly from the 0.9% growth a year earlier, according to data released by the Urban Redevelopment Authority on Friday.

Overall private residential index was marginally up by 0.3%.

About 55,800 private residential units are expected to be delivered in the next few years.

Meanwhile, prices of landed properties fell by 0.4%, following a 3.4% increase in the previous quarter.

Rental prices of private residential properties were up 0.3% compared with a 0.5% decrease in the previous quarter.

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