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1.1% drop in URA's Q2 private home price index 'mild', say analysts

Market insiders say headline prices propped up by agents kicking back commissions to buyers

Savills Singapore executive director Alan Cheong said developers' ability to jiggle prices on the downside is limited because their margins are razor thin.


THE Urban Redevelopment Authority's benchmark overall private home price index fell for the second consecutive quarter. It eased 1.1 per cent quarter-on-quarter (q-o-q) in Q2 2020 based on the flash estimate issued on Wednesday, after slipping 1.0 per cent in Q1 2020.


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