03 Aug '18, 1am

Rise in completed home prices slowing

Prices of completed non-landed homes continued to grow last month, but at a slower pace. 38 Lor 30 Geylang. Picture: iProperty. Slower growth reflected in most property segments In May, prices rose 1.5% but in June, the climb was only 0.7%. Prices of completed non-landed apartments in the central region rose 0.4% in June following a 2% rise in May. This excluded small apartments which are defined as units sized 506 sq ft and below. Prices of these properties rose 1.1% in both May and June. There has been a demand for smaller units as resale volume shows. The percentage of small resale units in May’s overall resale property volume was 6.9%. The number of transactions grew to 7.1% in June. In the outside-of-central (OCR) region, completed resale non-landed home prices rose 0.8%, down from May’s 1.4%. Private property prices up overall Across the board, the private property m...

Full article: https://www.iproperty.com.sg/news/rise-in-completed-home-...

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