Singapore ranks among the world's top five in terms of residential property price growth, said a report released on Thursday. According to the Global House Price Index by Knight Frank, Singapore saw home prices increase by 50.5 per cent over the last five years, the fourth highest increase globally. Over the same period, China topped the list with a 110.9 per cent increase in home prices followed by Hong...
singapore property prices
Singapore's two integrated resorts (IRs) have had limited impact on home prices, according to a report by property consultancy firm DTZ. The report noted that between the first quarter of 2009 and the second quarter of 2010, capital values of private of non-landed homes rose by 65.3 per cent in Marina Bay and 38.5 per cent in Sentosa (prior to the IR's opening). After the IRs opened, prices between...
Prices of resale private homes dipped by 0.4 percent in January, according to the Singapore Residential Price Index (SRPI) flash estimate published by the Institute of Real Estate Studies at the National University of Singapore. It is the second straight month of decline, after resale prices fell by 1 percent in December. The SRPI for January showed that resale prices for private homes in the central...
Private residential property prices are expected to fall as much as 12 per cent over the next three months. This is according to analysts who also expect demand for private homes to decline as well over the next few months. Analysts say the recent move by the Government to introduce additional buyer's stamp duty (ABSD) as a further cooling measure may dampen demand from potential upgraders who make up the...
The 124-unit luxury condominium Marina Collection by developer Lippo Group was completed just last year, and is located next door to ONE°15 Marina Club. The project has seen a spate of buying interest despite the imposition of the additional buyer’s stamp duty (ABSD) on Dec 8. Based on the latest caveats lodged and downloaded from URA Realis as at Jan 18, there were three transactions at the project,...
Small apartments in Singapore saw prices grow more than twice as fast as those of larger apartments in the Central Region last year. Prices of larger apartments outside of the Central Region also showed the same trend which, although similar to 2010 figures, was more noticeable last year. The sub-index for small apartments on the island (which covers those of up to 506 sq ft) climbed 11.8 percent in 2011,...
Prices of residential property in Singapore fell by 0.8 per cent on-month in December, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). This compares with a 1.4 per cent increase in November. The index covering small units of 506 square feet and below registered a 3.4 per cent increase. The NUS SRPI Small Index was down 0.8...
URA residential priceindex up 0.2% in Q4; pace of increase the weakest since Q3 2009 The rise in private home prices in Singapore slowed to a crawl in the fourth quarter last year, with property analysts saying the data showed that the market had peaked as they forecast prices to fall 5 to 10 per cent this year. While the Urban Redevelopment Authority's (URA) said yesterday its private residential...
Property watchers have said the bull run experienced by Singapore's housing market may have reached its peak. Latest data showed that home prices continue to soften and transaction volumes have dropped. 24,633 public flats changed hands last year, a 24 per cent drop in volume over 2010, and the lowest resale volume in the past 10 years. The Housing and Development Board (HDB) said the average annual...
The rate of increase in property prices has continued to moderate, with private home prices rising just 0.2 percent in Q4, lower than the 1.3 percent increase seen in the previous quarter, according to latest figures released by the Urban Redevelopment Authority (URA). “This moderation in private property prices can be attributed to the multiple rounds of cooling measures implemented by the government...