Prices of non-landed homes dipped by 0.6% q-o-q due mainly to the decline seen in the core central region (CCR) and rest of central region (RCR). During the quarter, the CCR and RCR saw decreases of 0.5% and 3.0% q-o-q respectively, reversing from the q-o-q increases of 2.7% and 5.7% from the previous quarter.
Amid a broad slowdown in prices for the Singapore residential market in the 1Q2022, analysts are still remaining positive on the property sector.
On April 1, flash estimates released by the Urban Redevelopment Authority (URA) revealed that the property price index (PPI) for the 1Q2022 showed an overall slower q-o-q increase of 0.4% compared to the 5% q-o-q growth in the 4Q2021.
