14 Mar '16, 1pm

New: Singapore Property News This Week #251

Condo resale prices fall by 0.3% in Feb In February this year, resale prices of private condos have fallen by 0.3% following a 0.8% increase in January. Year-on-year, prices had fallen 1.6% from February 2015 and 7.4% since January 2014. In February 2016, there was no change in transaction prices in the Core Central Region, however there was a 0.1% increase in prices in the Rest of Central Region. According to market experts, the price increase recorded in January was an anomaly. Eugene Lim from ERA Realty blamed monthly fluctuations, aggravated by reduced market activity. Ong Kah Seng from R’ST Research added that as the total debt servicing ratio has not been lifted, the general trend for completed property prices is still expected to fall. Resale volumes for condos had also fallen by 10.8% month-on-month this February even though no new project was launched. About 356 u...

Full article: https://www.propwise.sg/singapore-property-news-this-week...

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