Prices of completed condominium units and apartments fell 0.4 per cent in December, following a 0.7 per cent decline in November last year. This was based on the latest flash estimates from the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI) series, reflective of transactions tracked within a basket of units as at Jan 21. The main drag came from homes in the...
Market Reports
Prices of private homes fell 3.7 per cent for the whole of 2015, easing from a 4 per cent decline in 2014, according to data released by the Urban Redevelopment Authority (URA) on Friday (Jan 22). Prices fell 0.5 per cent in the fourth quarter, compared with the 1.3 per cent decline in the previous quarter. For the whole of 2015, prices of non-landed properties in the Core Central Region (CCR), Rest...
The private home market in the Republic is in the doldrums, with the prime residential segment especially quiet. However, with a lack of new supply expected in coming years, some analysts have said the prime segment could be the first to benefit from a market recovery. One reason why high-end projects appear to have been hit hardest is the drop in foreign demand, due to measures such as the Additional...
Rents of non-landed private homes as well as Housing & Development Board flats continued to decline last year, based on the December 2015 flash estimates from SRX Property. However, the volume of rental contracts in both markets rose in December on a year-on-year basis. SRX Property's overall rental index for non-landed private homes eased 5.4 per cent in 2015, comparable to the 5.2 per cent fall in...
A further slide in residential home prices in 2016 may finally persuade the government to take its foot off the brakes in Asia’s worst-performing property market. Property brokers including Knight Frank and Jones Lang LaSalle said the government may be swayed to lift some of the curbs that have depressed local home sales and damped values. Home prices could drop as much as 8 per cent this year,...
Prices of private homes in the Republic fell about 2 per cent in December 2015 from the previous year, according to flash estimates from SRX Property. The overall price fall in 2015 was about 2.3 per cent, it added in a report released on Tuesday (Jan 12). Between November and December 2015, non-landed private properties in Singapore suffered a 0.8 per cent drop in prices. SRX Price Index for...
Rental values are likely to continue to slide in 2016, though this dip is not expected to last for too much longer, according to real-estate consulting firm DTZ Southeast Asia. Consumer sentiments, coupled with the expected completion of retail developments such as OUE Downtown Gallery, The Heart at Marina One and Tanjong Pagar Centre this year, are expected to "exert further downward pressure on...
AMONG the properties making their auction appearance this month are an uncompleted factory in Kranji on a site with a balance lease term of about nine years, a couple of shop units in the basement of the freehold Ming Arcade along Cusacaden Road (both mortgagee sales) and a receiver sale of a two-storey detached house off Upper East Coast Road with seven bedrooms and an indicative price of S$9.5...
Singapore is "half-way through the residential down-cycle" with another 7-10 per cent of decline in private home prices seen over the next two years, compounded by the prospects of a rising rate cycle, a softer job market and slower immigration growth, BNP Paribas projected. This will be a slow bottoming-out process partly due to developers' resilience to price cuts due to their strong holding power and...