Private home prices slip 1.1% in Q1: URA

Singapore

PRIVATE home prices remained on a slide in the first three months of this year as the stalemate between buyers and sellers ensued, signalling a sluggish start for the year.

Flash estimates from the Urban Redevelopment Authority (URA) showed its overall private residential property price index (PPI) slipped 1.1 per cent in the first quarter this year from the preceding quarter.

This marked a sixth straight quarter of decline from the peak in the third quarter of 2013 and followed a similar 1.1 per cent fall in the fourth quarter of 2014.

URA's flash est…