After 2 months of circuit breaker lockdown, private home prices slipped across the board by 1.1% in Q2 this year. The last time we see such a decline was in Q3 2016, when prices fell 1.5%. Breaking this down, landed residential prices and non-landed dropped by 2.7% and 0.6% respectively. Comparing the devastating impact of this pandemic across the globe, such a margin decline in Singapore private residential prices signifies a very resilient real estate market.
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