29 Jan '16, 1pm

Number of Singapore real estate agents falls as competition heats up. For more property news this week

Number of Singapore real estate agents falls as competition heats up. For more property news this week

Resale market sees greater activity in Q4 2015; analysts expect better numbers in 2016 According to the Housing and Development Board (HDB), resale transaction volume increased 11.5 per cent year-on-year in 2015. Quarter-on-quarter, resale transaction volume of HDB flats in Q4 2015 increased two per cent. While the resale market was rather active, analysts noted the headwinds that could dampen Singapore’s property market. The Resale Price Index (RPI) – price movement information in the resale public housing market – rose to 134.6 in 4Q 2015, a mere 0.1 per cent increase from 134.8 in 3Q 2015. Analysts expect the transaction volume of resale public houses to continue rising for the rest of 2016. They are wary however that the market is vulnerable to the state of the economy, and signs of a downturn would cause buyers and sellers to be cautious. Rents and private resid...

Full article: http://www.iproperty.com.sg/news/10751/Week-in-Review---2...

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