31 Oct '14, 5am

#singapore #property Last quarter likely to be quiet: Prices of private residential pro...

Comment E-mail to friend Bookmark & Share Prices of private residential property could show slowing declines in Q4 2014, especially for the mass-market segment, according to Knight Frank’s Director and Head of Consultancy and Research Alice Tan. She predicts prices of non-luxury homes in Outside Central Region (OCR) to fall by another 0.5 to 0.8 per cent in Q4 2014, while prices in the Core Central Region (CCR) are expected to fall by another 1 to 2 per cent quarter-on-quarter. Meanwhile, prices in the Rest of Central Region (RCR) are expected drop by around 0.4 to 0.5 per cent from October to December. The last quarter of the year is also likely to be a quiet period for project launches in view of the upcoming year-end holiday season. Tan said, “Going forward, the number of new unit launches could remain at current levels, with a marked fall in total number of residential...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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