Private home prices in Singapore in the first quarter fell 1.2 per cent from the previous quarter amid the COVID-19 outbreak, according to flash estimates released by the Urban Redevelopment Authority (URA) on Wednesday (Apr 1). This reverses the 0.5 per cent increase seen in the October to December period, and is also the first quarterly decline after three consecutive quarterly increases. The...
Resale prices for non-landed private residential properties in Singapore rose slightly in January 2020 after a flat performance in December, according to flash estimates from real estate portal SRX Property. Condominium resale prices were up 0.5 per cent compared to December. Year on year (y-o-y), prices increased 2.3 per cent. Meanwhile, volume grew 4 per cent to 684 units resold in January, from...
Developers should breathe easier as the private home market seems to have achieved a soft landing in 2019 as prices rose moderately amid higher sales, despite tough cooling measures imposed in 2018. Demand for private homes remained resilient with the price index up 0.5 per cent in Q4 over the prior quarter, and higher than the 0.3 per cent flash estimate released on Jan 2, according to the latest data...
Singapore's private home price index rose 0.5 per cent in Q4 2019 over the prior quarter, faster than the 0.3 per cent flash estimate released on Jan 2, according to the latest data from the Urban Redevelopment Authority (URA) on Thursday. For the full year of 2019, prices were 2.7 per cent higher, versus the 7.9 per cent rise in 2018. In Q3 2019, the index rose 1.3 per cent. In Q4 2019, prices of...
Prices of private homes in Singapore are expected to rise by between 1 and 5 per cent this year, analysts say, after clocking a 2.5 per cent gain in 2019. At 2.5 per cent, the price growth moderated from the 7.9 per cent clip in 2018, the Urban Redevelopment Authority's (URA) flash estimate showed. For the fourth quarter of 2019, the overall price index for private homes was up 0.3 per cent - led by...
Private home prices in Singapore rose for the third consecutive quarter in 2019, as the Urban Redevelopment Authority's (URA) flash estimate for the fourth quarter of 2019 shows that its overall price index for private homes rose 0.3 per cent over the prior quarter. For 2019 as a whole, prices are up 2.5 per cent, versus the 7.9 per cent rise seen in 2018, according to the URA flash data released on...
Prices of private homes in Singapore are expected to show modest growth over the next two years, riding on macro-prudential measures and stable mortgage performance, anchored by strong household finances. This is according to the latest findings from Fitch Ratings' Global Housing and Mortgage Outlook report. Overall, the rating agency expects nominal home price growth to remain at about 2 per cent in...
Resale prices for non-landed private residential properties in Singapore dipped slightly in November after two straight months of increase. Sales volumes also declined, according to flash figures from real estate portal SRX Property on Tuesday. Condominium resale prices fell 0.1 per cent in November from the previous month, compared with a 0.8 per cent rise in October. Volumes, meanwhile, fell 7.2 per...
With private property prices increasing at a faster rate than wage growth, property experts are saying that the affordability gap for private homes could further widen for Singaporeans. Professor Sumit Agarwal from the National University of Singapore Business School said that the divide between income growth and residential property price increases could grow bigger, with technology set to displace...
Singapore’s private residential prices appear to have decoupled since 2013 from the global chase for yields, a fresh study by the IMF showed. This is as macroprudential measures undertaken by the Singapore regulators in recent years targeted foreign buyers and speculators - the pacemakers behind the asset chase on Singapore properties, said the study, which was released within the annual Financial...
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