Tag: property prices

Singaporeans accounted for 64% of private home sales in the Core Central Region (CCR) between Q3 2018 and Q3 2019. However, foreigners made up nearly 50% of home purchases priced above $5 million. Private home prices edged higher in the third quarter as demand for homes in the prime districts receive a boost from foreign…

Despite restrictions on in-person property viewing for most of the second quarter, both private home prices posted price gains for Q2 2020, according to data published by the Urban Redevelopment Authority (URA) on 24 July. Prices of private residential properties increased overall by 0.3% in Q2 2020, bucking a 0.9% decline in Q1. An exception…

Private home prices in Singapore fell 1.2% overall in Q1 2020 compared to the previous quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on 1 April 2020. The first three months of 2020 saw a major “black swan” event: the global spread of the Covid-19 pandemic. The pandemic and the ongoing…

As the world continues to reel from the economic effects of Covid-19, the Singapore Ministry of Trade and Industry (MTI) on 26 May downgraded the official outlook for the country’s Gross Domestic Product (GDP) in 2020 yet again (from -1 to -4% to -4 to 7%), signalling the deepest recession the country has ever faced…

Morgan Stanley recently put out another report, claiming property prices in Singapore can rise 10 per cent by 2019. In fact, they are predicting that housing prices can double by 2030 or, in a bear scenario, 2034. But how true is all this, given the recent cooling measures? What’s the big prediction? The Morgan Stanley…

As Singaporean population ages, home prices here may see a 30 per cent drop by 2040, a study predicts. But analysts reckon investment and immigration flows will support prices, mitigating the effect of ageing. Property prices in Singapore could see a 30 per cent fall by 2040, as the population ages and old-age dependency ratio…

There are new cooling measures, property prices are falling, 99-year leases will run out, and everyone needs to calm down. These days, every piece of property news reads like someone having an anxiety attack. Pretty soon showflats will replace the complimentary coffee with paper bags for the sales staff to breathe into. No one seems…

HDB resale prices, according to the Resale Price Index (RPI), rose by 1.5% in Q3 2020 compared to a previous quarter, while the URA reported that private home prices rose by 0.8% over the same period as the property market surged past it’s previous 2019 high. The URA price index in Q3 2020, 153.8, is…

After nine weeks of complete lockdown, most people would have expected China’s property market to crumble like cottage cheese. But the latest data from the country shows otherwise: Prices of newly launched homes across 70 major cities in China, excluding state-subsidised housing, rose 0.13% overall in March 2020. Meanwhile, values for resale (second-hand) homes, which…

On 24 April 2020, the Urban Redevelopment Authority (URA) released its final quarterly report showing a 1% drop in its Property Price Index for private residential property in Singapore. While many real estate industry insiders had expected Q1 2020 private property prices to fall by greater than the 1.2% as reported by earlier URA flash…