02 Jan '15, 3am

What to expect for Singapore private property prices in 2015

What to expect for Singapore private property prices in 2015

SINGAPORE - Private home prices fell 1 per cent in the three months to Dec 31 last year, but it came as no surprise to analysts. The decline was higher than the 0.7 per cent dip in the previous quarter, but experts reckoned that the slowdown was characteristic of the last quarter, thanks to the year-end holiday period, ailing demand and curtailed home financing. The Urban Redevelopment Authority's property price index for the full year showed on Friday that prices slipped a total of 4 per cent for the whole of 2014 and 4.9 per cent in five straight quarters of declines. Here are what some market watchers say will be in store this year:

Full article: http://www.straitstimes.com/news/business/property/story/...

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