Prices of resale private homes edged up 1 per cent in August, reversing a 0.6 per cent drop in July. This is according to the Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at National University of Singapore. The August statistics show that resale private property prices across the island continued to advance in August over the previous...
singapore property prices
The overall property price index grew 0.4 percent in Q2 2012 following a 0.1 percent decline in Q1, according to data from the Urban Redevelopment Authority (URA). This was mainly attributed to strong recovery of completed non-landed property prices, which was up 2.3 percent. However, prices of uncompleted non-landed homes slipped 0.9 percent in Q2, indicating a moderation of current high prices as the...
Prices of resale private homes in Singapore were flat month-on-month in June, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). The index covering small units of 506 square feet and below - otherwise known as shoebox apartments - fell most sharply, by 1.4 percent. This is in contrast to the 1.9 percent increase recorded in...
The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012. Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter. Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to...
Housing prices in Singapore could fall 10 to 15 percent in the next 12 months, according to a report by UBS. UBS claimed that while the property market remains resilient despite the government’s cooling measures, it is near a tipping point. However, this outlook is significantly more pessimistic than other expert predictions which expect stable prices or a lesser decline of up to five percent. While...
Private home prices in Singapore have been on an uptrend post-global financial crisis, with the market having risen about 55 per cent since the middle of 2009 to hit a new high. Excess liquidity in Asian markets, a lacklustre United States economy and weakening European markets - as well as local factors such as low mortgage rates, higher immigration numbers, rising affluence and decreasing household sizes...
Conditions in the private property market are still ripe for moderate price growth despite slower sales in the last few months which hit an all-time low for the year in June. According to latest figures released by the Urban Redevelopment Authority (URA), 1,371 private homes were sold during the month, a 19 percent decline month-on-month (m/m) from the 1,702 seen in May. Including executive condominiums...
Credit Suisse said its recent survey found that majority of the respondents expect property prices in Singapore to continue to rise and more cooling measures to come. According to its inaugural proprietary housing survey, six in 10 home buyers believe that there'll be more cooling measures, with 40 per cent of them expecting measures to be introduced in the next 12 months. Credit Suisse noted that buyers...
The proportion of foreign and company private home buyers has fallen from 20 per cent in 2011 to 7 per cent in the first half of 2012. The National Development Ministry said this could be attributed to earlier rounds of cooling measures and the Additional Buyers' Stamp Duty (ABSD) imposed in December. Still, experts pointed out that property prices and volumes remain at record levels. Developers may...
Private home prices recovered to hit a new high in the second quarter, rising on the back of an increase in the prices of resale units rather than those at developer sales, a permutation that helps to allay concerns over the sustainability of the market. According to the Urban Redevelopment Authority's (URA) flash estimates, overall private residential property prices rose by 0.4 per cent in the second...