Singapore home prices

Singapore 2Q private home prices up for first time since curbs rolled out

SINGAPORE (July 26): Singapore’s private residential price index increased for the first time since property cooling measures were introduced last July, according to 2Q19 real estate statistics released by the Urban Redevelopment Authority (URA) on Friday morning.

The private residential price index was 1.5% higher this quarter, compared to a 0.7% drop in the previous quarter and exceeding earlier flash estimate of 1.3%.

This was boosted by non-landed properties increasing by 2.0% q-o-q, but partially offset by a 0.1% decrease in landed property prices.

Singapore home prices expected to show moderate 2% growth in 2019: Fitch

SINGAPORE (Jan 16): Singapore home prices are expected to show moderate growth of 2% in 2019 and 3% in 2020, according to Fitch Ratings in its 2019 Global Housing and Mortgage Outlook report.

Last July, Singapore raised the additional buyer’s stamp duty on purchases other than first homes for Singapore residents by an additional 5-10ppt and tightened various LTV limits each by 5ppt, including to 75% for first homes and 45% for second homes. These moves were aimed at cooling the property market as home price growth had begun to accelerate again.

Singapore home sales surge as developers market more projects

(Dec 18): Private home sales in Singapore more than doubled in November from October as developers marketed more projects.

Home builders in the city-state sold 1,198 units last month versus 487 apartments in October, the Urban Redevelopment Authority said Monday.

Key insights

Surge in Singapore's home prices even bigger than first reported

SINGAPORE (Apr 27): Singapore’s home prices surged even more in the first quarter than a preliminary report from the government showed.

Private residential prices jumped 3.9% from the previous quarter, according to final data from the Urban Redevelopment Authority. That’s up from a 3.1% preliminary estimate earlier this month.

Singapore home prices rise for quarter adding to rebound signs

SINGAPORE (Jan 2): Singapore home prices rose for a second straight quarter, reinforcing signs the city-state’s property market is emerging from a four-year slump.

An index tracking private residential prices rose 0.7% in the three months ended Dec. 31, building on a 0.7% gain the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Tuesday. For 2017, prices rose 1% compared to a 3.1% decline in 2016, the data showed.

Housing the millennials

SINGAPORE (Dec 4): Understanding the Gen Y mindset is crucial to riding the next wave of property sales.

From selfie-taking to social media-(over)sharing, millennials may be famous for many traits, but not for one characteristic: compared to the Generation Xers that precede them, their love for snapping photos may be real, but their propensity for snapping up new homes trails behind.

Singapore's home prices rise for first time in 4 years

(Oct 2): Singapore’s home prices rose for the first time in four years, snapping a record run of declines and confirming recent signs that the property market is rebounding.

An index tracking private residential prices gained 0.5% in the three months ended Sept. 30 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Monday.

Singapore property analysts turn bullish, predict 10% price gain

(Sept 19): After years of declining home prices in Singapore, analysts are expecting a turnaround as early as this year even as most of the government’s property cooling measures remain in place.

Singapore property prices will rise between 5% and 10% next year after bottoming out in 2017, analyst Vikrant Pandey at UOB Kay Hian Pte said. Morgan Stanley earlier this month said home prices will climb 2% this year and 10% by the end of 2018, turning around earlier and rising faster than people expect.

Is Singapore's property slump finally ending?: QuickTake Q&A

(July 28): Singapore home prices have ground steadily lower since reaching a record in 2013, when the government imposed the last of a slew of measures to cool a red-hot market. Authorities in the Southeast Asian island-state loosened some of those restrictions in March, raising speculation that the end was nigh for the cooling measures -- and those falling prices. Transaction volumes have certainly perked up and real estate shares are on a tear.

Singapore home prices fall, extending decline to 14th quarter

SINGAPORE(April 3): Singapore home prices fell in the first three months of the year, extending the drop in property values to a record 14th quarter.

An index tracking private residential prices fell 0.5% in the three months ended March 31 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Monday. The three-and-a-half-year decline is the longest since the data was first published in 1975.

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