Prices of condominiums sold on the resale market edged up 0.6 per cent in January, despite a fall in the number of units sold, according to a local property index. The resale volume of non-landed private residential units fell 20 per cent from the previous month, with an estimated 364 units resold in January, SRX Property said. On a year-on-year basis, resale volume was up 3.7 per cent. ERA’s Key...
singapore property market
The resale volume of non-landed private residential property in January dropped 20 per cent compared to December last year, according to the flash estimates provided by SRX property that were released today (Feb 11). An estimated 364 units were resold in January 2016 compared to 455 units in December 2015. Resale volume was down 82.2 per cent compared to the peak in April 2010. However, on a...
The Republic’s property measures averted a potential financial crisis, according to Home Affairs and Law Minister K Shanmugam. Speaking at a property agents’ conference on Wednesday (Feb 3), he said the Government had to step in after it saw a risk to the financial system. Mr Shanmugam said: "We can't legislate and stop people from buying a second or third property. "(But) … when we saw the...
Resale prices of private homes fell for the second month in a row in December, according to the Singapore Residential Price Index (SRPI) estimates, which were released on Thursday (Jan 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices decreased 0.4 per cent month-on-month in December, after falling 0.7 per cent in...
Prices of completed condominium units and apartments fell 0.4 per cent in December, following a 0.7 per cent decline in November last year. This was based on the latest flash estimates from the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI) series, reflective of transactions tracked within a basket of units as at Jan 21. The main drag came from homes in the...
Prices of private homes fell 3.7 per cent for the whole of 2015, easing from a 4 per cent decline in 2014, according to data released by the Urban Redevelopment Authority (URA) on Friday (Jan 22). Prices fell 0.5 per cent in the fourth quarter, compared with the 1.3 per cent decline in the previous quarter. For the whole of 2015, prices of non-landed properties in the Core Central Region (CCR), Rest...
The private home market in the Republic is in the doldrums, with the prime residential segment especially quiet. However, with a lack of new supply expected in coming years, some analysts have said the prime segment could be the first to benefit from a market recovery. One reason why high-end projects appear to have been hit hardest is the drop in foreign demand, due to measures such as the Additional...
Rents of non-landed private homes as well as Housing & Development Board flats continued to decline last year, based on the December 2015 flash estimates from SRX Property. However, the volume of rental contracts in both markets rose in December on a year-on-year basis. SRX Property's overall rental index for non-landed private homes eased 5.4 per cent in 2015, comparable to the 5.2 per cent fall in...
A further slide in residential home prices in 2016 may finally persuade the government to take its foot off the brakes in Asia’s worst-performing property market. Property brokers including Knight Frank and Jones Lang LaSalle said the government may be swayed to lift some of the curbs that have depressed local home sales and damped values. Home prices could drop as much as 8 per cent this year,...
Prices of private homes in the Republic fell about 2 per cent in December 2015 from the previous year, according to flash estimates from SRX Property. The overall price fall in 2015 was about 2.3 per cent, it added in a report released on Tuesday (Jan 12). Between November and December 2015, non-landed private properties in Singapore suffered a 0.8 per cent drop in prices. SRX Price Index for...