The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012. Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter. Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to...
private residential properties
The proportion of private residential properties bought by foreigners and companies has fallen sharply - from about 20 per cent in 2011 to 7 per cent in the first half of this year. Short-term property speculation has also fallen sharply, as indicated by the relatively low volume of sub-sales. And private home prices moderated significantly, rising marginally by 0.3 per cent in the first half of 2012...
Prices of private homes rose marginally by 0.4 per cent in Q2 2012, according to the Urban Redevelopment Authority's flash estimates. In Q1 2012, private residential properties saw the first quarterly price fall of 0.1 per cent since Q2 2009, following nine consecutive quarters of declining price increases. URA said prices of non-landed private residential properties increased by 0.6 per cent in the core...