Resale prices of condominium units and apartments fell by 0.7 per cent in October from September, according to flash estimates released by SRX Property on Tuesday (Nov 8). The month-on-month drop was the sharpest since a 0.9 per cent fall in January and February this year. September's drop in resale prices was revised up to 0.6 per cent from the flash estimate of 0.9 per cent. Based on the SRX...
real-estate
Prices of private residential properties declined at a faster pace in the third quarter, falling by 1.5 per cent compared to a 0.4 per cent fall in the previous three months. According to data released by the Urban Redevelopment Authority (URA) on Friday (Oct 28), prices of landed properties declined by 2.7 per cent, compared to the 1.5 per cent decline in the previous quarter. Prices of non-landed...
RENTALS as well as leasing volumes fell month-on-month (m-o-m) in September 2016 for both non-landed private homes and HDB flats, according to the latest flash estimates released by SRX Property on Wednesday morning. SRX's rental index for private apartments and condos fell 0.6 per cent in September 2016 over August 2016 after easing 0.5 per cent m-o-m in August 2016. The index has contracted 4.6 per...
NON-LANDED private residential resale prices fell 0.9 per cent in September to the lowest level in four years since July 2012, while volume slumped 17.7 per cent. According to data compiled by SRX Property, an estimated 683 private condominium and apartment units were resold in September, compared to 830 units resold in August. R'ST Research director Ong Kah Seng said: "The price fall from July to...
Resale prices for non-landed private homes fell 0.9 per cent in September 2016 from August to their lowest level in 50 months since July 2012, data from SRX Property on Tuesday morning showed. SRX said prices in the city fringe fell 1.3 per cent while those in the suburbs tumbled 1.5 per cent from the previous month. However, city centre prices rose 0.6 per cent in September from the preceding...
Prices for private homes in Singapore continue to drop in the third quarter, with the private residential property index down 2.1 points from 140.0 in the second quarter to 137.9 points, the Urban Redevelopment Authority (URA) said on Monday (Oct 3). According to the agency's flash estimates, this represented a decline of 1.5 per cent, compared with the 0.4 per cent dip in the previous quarter. It is...
AS a result of many rounds of cooling measures, the private residential real estate market has been weakening for the past three years. However, according to the latest quarterly statistics released by the Urban Redevelopment Authority (URA), private home prices may be showing signs of bottoming out. Generally, the residential non-landed housing market in Singapore can be divided into three segments...
AN old adage in real estate investment - "location, location, location" - suggests that real estate investors should focus more on the location than the physical attributes, tenure and stage of the market cycle. Given that each property is a unique and non-movable asset, prices at choice locations will be more resilient in an uncertain economy and will appreciate more than other assets when the...
BEING the crème de la crème of the non-landed residential market, homes in the Core Central Region (CCR) are commonly referred to as high-end or luxury homes. According to the Urban Redevelopment Authority (URA), the CCR comprises postal districts 9, 10, 11, Downtown Core and Sentosa. The URA CCR Non-Landed Residential Price Index rose 0.3 per cent quarter on quarter (q-o-q) in Q2 2016, marking a...
FLASH estimates released by the Urban Redevelopment Authority (URA) for the private residential property price index on Monday showed a 1.5 per cent decline for the third quarter of 2016. This compares with a 0.4 per cent decline in the second quarter. Prices of non-landed private residential properties declined by 1.8 per cent in the core central region (CCR), compared to the 0.3 per cent increase...