Lush Dream Home

Posted on 3 Jul 2015 | Comments Off

Prices of private residential properties fell 0.9 percent in the second quarter of 2015 after declining 1.0 percent in the previous quarter, revealed flash estimates of the Urban Redevelopment Authority’s (URA) price index.

This is the seventh continuous quarter of price decrease.

Prices of non-landed private units declined in all market segments, noted URA.

In the Core Central Region (CCR), prices slid 0.5 percent, higher than the 0.4 percent decline in the quarter before. Prices in the Rest of Central Region (RCR) dipped 0.5 percent, compared to the 1.7 percent decrease in the previous three-month period. In the Outside Central Region (OCR), prices fell 1.2 percent, more than the 1.1 percent drop in Q1.

The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and survey data on new units sold by developers during the first ten weeks of the quarter.

URA will release the full statistics for Q2 which captures more data from the stamp duty records and the take-up of new projects in four weeks time.

Resale condo prices continue to weaken

Posted on 3 Jul 2015 | Comments Off

Prices of completed non-landed residential properties in Singapore continued to fall in May 2015 as buyers held back their purchases due to the restrictive cooling measures and loan curbs, according to flash estimates of the NUS Singapore Residential Price Index (SRPI).

Across the island, prices dropped 0.6 percent last month, higher than the 0.3 percent decrease reported in April.

Excluding small units, prices of private apartments in the central region declined 1.0 percent in May, more than the 0.3 percent dip in the month before. But homes in the non-central region registered a smaller 0.1 percent slide after dropping 0.4 percent previously.

Meanwhile, prices of small units which have a floor area of 506 sq ft or below fell 1.3 percent after rising 0.4 percent in April.

The NUS price index for the central region tracks properties located in districts 1 to 4 and 9 to 11. Properties outside these districts fall under the non-central region.