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...
singapore property
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...
Rental values are likely to continue to slide in 2016, though this dip is not expected to last for too much longer, according to real-estate consulting firm DTZ Southeast Asia. Consumer sentiments, coupled with the expected completion of retail developments such as OUE Downtown Gallery, The Heart at Marina One and Tanjong Pagar Centre this year, are expected to "exert further downward pressure on...
Prices of condominiums on the resale market slid by 0.8 per cent in December, despite an increase in the number of transactions, according to a local property index. The resale volume of non-landed private residential units rose 10 per cent from the previous month, with an estimated 519 units resold in December, SRX Property said. On a year-on-year basis, resale volume was up 44.2 per cent. However,...
Public housing has remained largely affordable to most Singaporeans, thanks in part to changes made to housing grants to keep them in line with rising income levels, but property observers would like to see a more accurate picture of housing affordability. In a media statement on Sunday (Jan 3), the Housing and Development Board (HDB) pointed out that in 2014, first-time home buyers used less than a...
Private residential property prices fell 3.7 per cent for the whole of 2015, extending a 4 per cent decline in 2014, according to Urban Redevelopment Authority (URA) flash estimates released on Monday (Jan 4). Prices fell 0.5 per cent in the fourth quarter of 2015, following a 1.3 per cent drop in the previous quarter, based on the private residential property index, which declined 0.7 points to 141.6...