Tag Archives: Private Residential Property Market

Private home prices will not decline in Q3, says Knight Frank

A total of 8,247 new private residential units were launched by developers from January to May this year. Of these, a total of 8,368 units (excluding executive condominiums) were sold, according to Knight Frank’s latest Residential Bulletin.

In Core Central Region (CCR), prices of high-end non-landed properties fell 0.2 percent in Q2 compared to Q1’s increase of 0.6 percent. However, the sales proportion in RCR rose by 14.3 percent in Q3 2012, 22.7 percent in Q4 2012 and 24.9 percent in Q1 2013.

In addition, property prices in Outside Central Region (OCR) set a new benchmark as it rose 0.3 percent in Q2. Notably, private home prices in Singapore rose 0.8 percent quarter-on-quarter and 3.9 percent year-on-year in Q2, or the highest increase since Q4 2011, based on flash estimates from the URA.

Meanwhile, average rents of high-end and mid-market homes declined by 1.8 percent and 0.2 percent to S$5.79 psf and S$5.12 psf per month, respectively, in Q2. Rents of mass market homes slightly inched up by 0.1 percent on average to S$3.34 per sq ft a month.

Sales volume of new sale and resale private residential properties will likely decline by 10 percent to 15 percent in Q3, due to “the existing property cooling measures and the latest MAS ruling on debt servicing framework that was announced on 28 June 2013.”

However, Knight Frank noted that overall prices are not expected “to decline at least for Q3 2013, as long as the housing market is supported by genuine demand from local buyers in particular first-time home buyers with no major existing loans, and should low interest rates continue to prevail in the near term.”

Source – PropertyGuru – 5 Jul 2013

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Property Market Updates Q1 2011

Property Transactions
Private Residential Property
Housing Development Board Flats (HDB)

Private Residential Property
Price Index
Price Index (Non Landed)
Price Index by Type
Price Index by Type of Property
Number of transactions
Number of transactions for New Sales, Sub-Sale & Resale

Rental
Rental Prices for Private Residential Property
Rental Prices for HDB Flats
Rental Index
Rental Index by Location

New Launch
Number and Prices of units sold
Number of units launched and sold by Month
Number of units sold by Price Range
Pipeline of Private Residential Projects

Please visit URA Website for more information.

Source : URA