22 Apr '15, 7am

Is it time for #Singapore to cut back on its cooling measures?

Is it time for #Singapore to cut back on its cooling measures?

Decreasing prices and falling sales volumes are characterising the Singapore housing market right now, according to recent reports by JLL and Knight Frank . The Singaporean government’s interventionist cooling measures on the property market are clearly proving effective as total transaction volumes fell by 13 percent quarter on quarter during Q4 of 2014, the second consecutive quarter of decline. Over the whole of 2014, the total number of units sold decreased by a remarkable 44 percent year-on-year to 12,723 units. Prices also dropped as private home prices were seen to decrease by 1.1 percent quarter-on-quarter during Q4, representing the fifth consecutive quarter of decline. Private landed properties’ prices also fell for the fifth consecutive quarter by 1.3 percent quarter-on-quarter. The Rest of Central Region (RCR) recorded the largest quarterly drop in sales prices...

Full article: http://www.property-report.com/is-it-time-for-singapore-t...

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