Analysis shows median prices of units decline in some projects

Singapore

A SAMPLING of 20 existing private residential projects on the market by R'ST Research showed that 12 of them had declines in median prices on units sold by their respective developers, ranging from 0.4 per cent to 14 per cent, between June and September this year.

Six projects saw price increases of one to 4 per cent. Developers of two projects did not sell any units in June, so a price comparison between that month and the latest sale month was not possible.

R'ST Research director Ong Kah Seng acknowledged that the price changes over the four-month period in each project could also be due to differences in the types of units sold in the relevant month, such as variation in sizes and the o…