THE comparison rings with foreboding the last time private home prices took a bigger dive than this, it was exactly a decade ago, in the midst of the Asian financial crisis. In the last three months of 2008, the private resident property price index dropped 5.7 per cent, more than double the rate of decrease a quarter ago, according to flash estimates. The final tally due for unveiling in four weeks’...
Private Property Prices
Prices of private, non-landed residential properties in Singapore fell 5.7 per cent in the last quarter of 2008. The quarter-on-quarter drop in private home prices is more than double the 2.4 per cent decrease in the July-September quarter. Experts said the steep fall is fuelled by deteriorating sentiment. Market players are also matching prices to falling valuations. Nicholas Mak, consultancy and...
Prices of private residential properties in Singapore dropped 2.4 per cent in the third quarter of this year from the second quarter, snapping four years of growth. The figure fell short of an initial estimate of a 1.8 per cent decline, on the back of an economic downturn. Costs of high-end properties in prime districts continue to trend down, dipping 2.7 per cent, while prices in mid-tier and mass...
Private home prices in Singapore fell by 1.8 per cent in the third quarter, according to flash estimates released on Thursday by the Urban Redevelopment Authority. This is the first time the index of private residential properties has dipped in four years to 174.3 points in the third quarter, compared to second quarter's price index of 177.5 points, which was a 0.2 per cent increase over the previous...
Private residential property prices rose 0.4 per cent in the second quarter of this year, according to flash estimates released by the Urban Redevelopment Authority (URA) on Tuesday. The rise followed a 3.7 per cent increase in the first quarter. Prices of non-landed private residential properties increased by 0.2 per cent in the Core Central Region, 0.7 per cent in the Rest of Central Region and 1.3 per...
Prices of private residential properties increased by 3.7% in the first quarter of this year from the last quarter of 2007. Analysts said this could be due to the price discounts offered by developers for some units in the suburban areas. Dr Chua Yang Liang, Head of Research & Consultancy, Jones Lang LaSalle, said: "Here and there there are some anecdotal evidence of them giving some kind of rebates....