JLL says yes; other property pundits not so sure THANKS in part to falling interest rates, the affordability for luxury homes in Singapore has improved by 24 per cent since the third quarter of last year, according to property consultancy Jones Lang LaSalle (JLL). JLL compiles an affordability index for private homes, which takes into account factors such as property prices, national wages and interest...
Private Homes
Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008. According to latest official figures, there has also been little upward movement in the private property rental market. Data for the HDB resale and rental markets based on transactions in Q2 saw HDB's Resale Price Index (RPI) up 4.5 per cent, compared to the 3.7 per...