Property-report.com, 27 Apr 2009, by Khalil Adis
Singapore´s private property price index plummeted 14.1 percent in the first quarter of 2009 representing a record drop quarter-on-quarter, the Urban Redevelopment Authority´s (URA) data shows.
The price index dropped from 162.8 points in the last quarter to 139.9 points in the first quarter largely due to great price declines in the core central and rest of central regions, where the price index for both areas have fallen by 16.2 percent and 17.0 percent respectively.
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