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...
singapore property market
Signalling that the Government is not intending to relax property cooling measures any time soon, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said on Tuesday (Oct 28) there is “some distance to go in achieving a meaningful correction”. “If we do not get a meaningful reversal after each upswing, property prices will run ahead of the growth of household incomes over the long...
Resale prices of private homes slid in September according to Singapore Residential Price Index (SRPI) estimates, which were released on Tuesday (Oct 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices fell 0.7 per cent in September from the previous month. In August, prices rose 0.2 per cent from a month earlier. Prices of homes...
Private property market prices in Singapore may be levelling off at a new support level after five years of cooling measures that have been very effective at stalling the market. However, it appears the effectiveness of the measures has levelled off. Barring major catastrophes such as war, epidemics or financial crises, private property prices are expected to hold up, unless more resale supply is...
Prices of private residential properties in the third quarter fell by 0.7 per cent from the previous quarter – the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Oct 24). The price decline was observed across all segments of the private residential property market, URA said. Prices of non-landed properties in the Core Central Region (CCR) declined by 0.8...
To prevent a glut in the public and private housing markets, the Government will further reduce the supply of Build-to-Order (BTO) flats and land sales for private properties. Minister for National Development Khaw Boon Wan announced the reduction in BTO supply during his appearance on Channel 8’s Hello Singapore programme yesterday. The supply of BTO flats for this year was reduced to 22,400...
After a brief recovery in August, resale prices of non-landed private residential units dipped marginally by 0.3 per cent last month from the previous month because of healthy supply and the continuing impact of property cooling measures. Resale transaction volume saw an upswing following the end of the Hungry Ghost Festival, but rental volumes continued to decline, a flash report released yesterday by...
Buyers returned to the private housing market in September, with sales of homes surging 48.3 per cent from the previous month. Excluding executive condominiums (ECs), developers sold 648 new units last month, up from the 437 units sold in August, data from the Urban Redevelopment Authority showed on Wednesday (Oct 15). Including Executive Condominiums (ECs), 707 new units were sold in September. The...
Prices of private residential properties in the third quarter of 2014 fell by 0.6 per cent from the previous quarter - the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Wednesday (Oct 1). The price decline was observed across all segments of the non-landed private residential property market, URA said. Prices of landed properties declined by 1.7 per cent,...
Resale prices of private homes ended mostly unchanged in August according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Monday (Sep 29). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices had no change in August from the previous month. In July, prices went up 0.1 per cent from a month...