09 Jan '18, 2pm

Private property prices’ steady climb https://t.co/jskfcENcYS

Private property prices’ steady climb https://t.co/jskfcENcYS

2017 was a good year for the private property sector. Prices rose 0.7% in Q3 of last year and then again in Q4. Private residential property prices rose 1% last year, a considerable turnaround considering the 3.1% fall in 2016. Private residential property sector turns around in 2017 Artra , Alexandra View Properties in the prime districts or the Core Central Region (CCR) made the biggest turnaround with a 1.6% rise in the last quarter of 2017. The government’s adjustment of the Seller’s Stamp Duty (SSD) last March could have accounted for an increase in the number of private property transactions in both the primary and secondary markets. Consumer sentiments have improved significantly. There has also been pent-up demand from owner occupiers and investors for private homes over the past 2 years. These have in turn translated into more-than-keen interest in the resale as w...

Full article: https://www.iproperty.com.sg/news/private-property-prices...

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