Private home prices in Singapore are expected to ease for a few more quarters and according to a property analyst, that is because loan curbs - including the total debt servicing ratio framework that was introduced in 2012 - would continue to cool home buying interest. Numbers from the Urban Redevelopment Authority (URA) show that for the whole of last year, private home prices fell 4 per cent. Mr...
real-estate
Private residential property prices fell 1 per cent in the fourth quarter of 2014, according to Urban Redevelopment Authority (URA) flash estimates released on Friday (Jan 2) - a larger decline than the 0.7 per cent slide in the previous quarter, and the fifth consecutive quarters of price decreases. For the whole of 2014, prices have fallen by 4 per cent, the URA said. Overall, the private...
Resale prices of private homes dipped slightly last month, according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Monday (Dec 29). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices decreased 0.3 per cent in November from the previous month. In October, overall prices rose 0.4 per cent from a month...
The number of real estate transactions in Asia will grow substantially next year, according to Collier International's Asia Property Outlook 2015. This is because pent-up demand from investors will be gradually satisfied by a growing volume of new supply anticipated in 2015, said Mr Dennis Yeo, Interim Chief Executive Officer (Asia) of Colliers International. Besides new stock, there will also be...
Resale prices for non-landed private residences slid 1.1 per cent on-month in November, pushing it beneath the support level established since July 2014, the Singapore Real Estate Report (SRX) stated on Tuesday (Dec 9). Based on year-on-year comparisons, the November prices dropped 3.4 per cent. Compared with the recent peak in January 2014, prices have declined 6.3 per cent, SRX said. Resale prices...
Resale prices of private homes rose slightly last month, according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Friday (Nov 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.3 per cent in October from the previous month. In September, prices fell 0.7 per cent from a month...
The private housing market picked up pace in October, with sales of new homes rising 18 per cent from the previous month. Excluding executive condominiums (ECs), developers sold 765 new units last month, up from the 648 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 17). Including ECs, 855 units were sold in October, up from 707 units in...
Rental prices for Housing and Development Board (HDB) flats and non-landed private residential units both dipped in October, compared to the month before, according to flash estimates from SRX Property. For HDB rental market, rents slid 0.5 per cent on-month. The dip in prices was experienced by 4-room (0.8 per cent), 5-room (0.2 per cent) and Executive flats (1.4 per cent), but rental prices for 3-room...
Resale prices of non-landed private homes inched up last month on the back of price improvements in the city fringes and suburban areas, but analysts said the slight rebound did not signal a recovery as weak market fundamentals persist as a result of various property curbs imposed in recent years. Non-landed private residential resale prices rose 0.4 per cent last month from September, after a 0.6 per...
Resale prices of non-landed private homes climbed marginally in October by 0.4 per cent month-on-month, according to flash estimates from SRX Property on Tuesday (Nov 11). When compared with October 2013, resale prices of non-landed private homes have dropped 4.5 per cent. Compared with the recent peak in January 2014, prices have declined 5.2 per cent, SRX said. Resale prices of private homes in the...