RENTS for non-landed private homes in Singapore remained on a slide in July, marking a 0.4 per cent decline from a month ago and a 4.8 per cent fall from a year ago. The main drag came from the suburban region or the Outside Central Region (OCR), where rents slipped 1.1 per cent month on month, followed by a 0.7 per cent decline in the Core Central Region (CCR). Meanwhile, rents in the city fringe or...
singapore property market
RESALE prices of non-landed private homes in Singapore eased 0.4 per cent in July 2016 over the previous month, based on SRX Property's flash estimate for last month released on Wednesday. The drop contrasts with a revised 0.4 per cent month-on-month gain in the index for June 2016. SRX Property had earlier indicated a 0.5 per cent increase for June based on its flash estimate for that month. The...
It is "too early" for the Government to consider lifting the property cooling measures currently in place, as it looks to make sure the gains "painstakingly made" are entrenched, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Monday (Jul 25). Speaking at the central bank's annual report briefing, Mr Menon said it is also to make sure the local property market...
LATEST data from the National University of Singapore (NUS) provides yet another piece of evidence of greater price resilience of late in non-landed private homes in prime locations compared with other segments. June flash estimates for its Singapore Residential Price Index (SRPI) series - which tracks prices of completed private apartments and condos - showed that the subindex for Central Region...
PRICES of completed private apartments and condominiums in Singapore appreciated in June 2016 over the preceding month - contrasting with the month-on-month decline posted in May this year. National University of Singapore's (NUS) June flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Thursday reflects a 0.6 per cent month-on-month (m-o-m) increase - contrasting with a...
THE property cooling measures will remain, the Monetary Authority of Singapore (MAS) said on Monday, noting risks of a renewed surge in property prices in this lower-for-longer-rates environment that keeps investors on the hunt for yield. At a press briefing, MAS managing director Ravi Menon said property prices have adjusted "only modestly" after a run-up that was stronger than that of income...
The prices for private residential properties decreased by 0.4 per cent in the second quarter of this year, compared to the 0.7 per cent decline in the previous quarter, according to figures released by the Urban Redevelopment Authority (URA) on Friday (Jul 22). The prices of landed properties declined by 1.5 per cent, compared to the 1.1 per cent decline in the previous quarter, while non-landed...
Sales of new private homes slumped last month as fewer projects were launched during the June school holiday period. Excluding executive condominiums (ECs), property developers sold 536 units in June, nearly half of the 1,058 units sold in May, data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 15). Including ECs, 768 units were sold, down from May’s 1,392 units. The lacklustre...
EARLY signs of a bottoming-out in the private residential market surfaced in official quarterly data on Friday, indicating that the declines in the prices of private non-landed homes have eased, and HDB resale prices stayed flat in the second quarter. A rebound in resale transactions may also be setting the stage for prices to stabilise, market watchers say. But a convincing price recovery is unlikely...
CONDO transactions of S$10 million and above in the January-June period are up sharply from a year ago, marking the strongest showing since the second half of 2013. The strong pick-up was fuelled largely by foreign buying, attractive pricing and a general improvement in property market sentiment in recent months. According to CBRE Research's analysis of URA Realis caveats data, 19 condos were sold for...