Singapore private home prices down 1% in Q1 2020

Fewer homes were sold in Singapore during Q1 2020 amid the COVID-19 pandemic. Resale flat transactions fell about 7%. Meanwhile, sales of private properties plunged 12%, reversing three consecutive quarters of growth. Official data also showed retail and office rentals slipping on the back of the pandemic by up to 2.3%. The bruising effects on the entire property market are likely to continue in the coming months, with market watchers expecting numbers to plummet across all segments. Subscribe to our channel here: cna.asia/youtubesub Subscribe to our news service on Telegram: cna.asia/telegram Follow us: CNA: cna.asia CNA Lifestyle: www.cnalifestyle.com Facebook: www.facebook.com/channelnewsasia Instagram: www.instagram.com/channelnewsasia Twitter: www.twitter.com/channelnewsasia

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