Source : Business Times - 7 Oct 2008
DTZ said on Tuesday that prices of non-landed private residential properties in Q3 2008 continued to fall, led by units in the prime districts.
Prices of prime freehold non-landed resale residential units fell for the second consecutive quarter by 4.2 per cent quarter-on-quarter. Outside the prime districts, prices reflected the first correction of 1.3 per cent to 1.6 per cent.
DTZ said that as in 1998 and 2002, there will be a higher proportion of buyers with HDB addresses as the price gap between HDB resale flats and private residential properties narrow.
It noted that landed housing was the only segment that held firm since prices stabilised in 2Q2008, due to demand from owner occupiers and less supply.
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