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Singapore see 15th consecutive quarter of house price falls

Oct 23, 2017 | 0 Comment(s)


Trend: house prices fell 3.23% y-o-y in Q2 2017 

This was the fifteenth consecutive quarter of house price falls in Singapore. House prices fell by 0.19% q-o-q during the latest quarter.
 
Singapore’s economy expanded by 2.9% in Q2 2017 from a year earlier, up from the previous quarter’s 2.5% growth.
 
Analysis: demand is now rising strongly. 
New private residential units sold increased 36.4% in Q2 2017 from a year earlier, to 3,077 units, according to the Urban Redevelopment Authority. In contrast, the number of private residential units launched fell by 15.2% y-o-y to 2,011 units over the same period.
 
Rents, rental yields: yields are poor in Singapore at 2.54%
Singapore apartment costs are high, at around $13,748 per sq. m. 
 
Singapore: city centre apartment, buying price, monthly rent (120 sq.m.) 
   Buying price  Rent per month  Yield
 Singapore  $1,649,760  $3,498  2.54%

Recent news.  The economy is expected to grow by 2% to 3% this year.






Market Analysis - Singapore
Time series for residential property
 
Property price index, all residential, Singapore
Price/Rent Ratio: 39 yrs

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