Prices of private residential properties in Singapore decreased by 0.7 percent on-quarter in the third quarter, the fourth straight quarter of price decline, the Urban Redevelopment Authority (URA) said on Friday.

Price decline was observed across all segments of the private residential property market.

Prices of non-landed properties in the core central region declined by 0.8 percent, following the 1.5 percent decrease in the previous quarter.

Prices in the rest of central region declined by 0.4 percent, while prices in outside central region declined by 0.3 percent.

Prices of landed properties declined by 1.8 percent, and rentals of private residential properties fell by 0.8 percent in the third quarter of 2014.

Developers launched 1,294 uncompleted private residential units (excluding Executive Condominiums, ECs) for sale in the third quarter, lower than the 2,843 units in the previous quarter.

There were 1,288 resale transactions in the third quarter, lower than the 1,389 transactions in quarter two.

Resale transactions accounted for 43.6 percent of all sale transactions, compared to 33.0 percent in the second quarter of 2014. Endi

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