28 Jul '17, 7am

Private home prices fall 0.1% in Q2, smallest decline in 15 quarters

The private housing market seems to be turning a corner, data shows. UPDATED: Private home prices fell by a marginal 0.1 percent in the second quarter of 2017, compared with the 0.4 percent drop in the previous three-month period, according to latest statistics released by the Urban Redevelopment Authority on Friday (28 July). This is the smallest decline seen in 15 quarters, and indicates that the market is near its turning point. Prices of non-landed properties across the island fell 0.1 percent, after remaining unchanged in the previous quarter. The Rest of Central Region (RCR) recorded a price jump of 0.6 percent, compared with the 0.3 percent increase in the previous quarter. Desmond Sim, Head, CBRE Research, Singapore and South East Asia, noted that price movements are strongly dependent on the location of launches during the period. “Among top-selling projects in th...

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

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Private home prices fall 0.1% in Q2, smallest d...

propertyguru.com.sg 28 Jul '17, 4am

The private housing market seems to be turning a corner, data shows. Private home prices fell by a marginal 0.1 percent in...

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via @WTFSG

via @WTFSG

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