Property prices in prime districts ended the year stuck in the doldrums, leaving luxury housing as the worst performing segment of 2013.
Luxury home prices fell by 2.1 per cent last year - reversing the 0.8 per cent rise recorded in 2012.
The decline has been slow and steady and began in the second quarter, when city-centre prices fell 0.2 per cent from the first three months of the year.
They fell again - down 0.3 per cent - in the third quarter and dropped a far steeper 2.2 per cent for the three months to Dec 31, according to Urban Redevelopment Authority flash estimates yesterday.