Resale
prices of non-landed private homes in August rose 0.4% month-on-month,
according to flash estimates from the Singapore Real Estate Exchange (SRX) on
Monday (Sep 8).
Still,
when compared with August 2013, resale prices of non-landed private homes have
dropped 5%. Compared with the recent peak in January 2014, prices have declined
5.3%, SRX said.
Resale
prices of private homes in the Core Central Region rose the most last month,
rising 4.8% compared with July. In the Rest of Central Region, prices were up
1.5%. In comparison, resale prices in Outside of Central Region fell 1.1%.
Resale
volume remained flat, with 418 non-landed private homes resold in August,
similar to the 417 transacted units in July.
The
overall median Transaction Over X-value (TOX), which measures whether people
are overpaying or underpaying the SRX Property X-Value estimated market value,
remained at negative S$10,000 last month, up from negative S$20,000 in July.
For
districts with more than 10 resale transactions, districts 15 (Katong, Joo
Chiat, Amber Road Upper
East Coast ) posted the lowest median TOX at -S$40,000, -S$38,000,
-S$30,000, respectively.
Conversely,
district 11 (Watten Estate, Novena, Thomson) had the highest median TOX of
S$50,000, followed by district 18 (Tampines, Pasir Ris) and district 25 (Kranji,
Woodgrove) with S$16,000 and S$9,000, respectively.
RENTAL VOLUME UP, PRICES DOWN
As
for rental transactions, the number of non-landed private homes rented out last
month was 3,539 – a 3.6% increase from July. Year-on-year, rental volume
improved by 25% from the 2,831 contracts signed in August 2013, according to
SRX.
However,
rental prices continued their fall, slipping 0.6% from the previous month – the
seventh consecutive month of decline.
The
decline was greatest in the Core Central Region at 2%, while prices in the
Outside Central Region fell 1.1%. Prices in the Rest of Central Region,
however, rose marginally by 0.4%.
Source: CNA
Home prices here could fall 20 per cent by 2016, depending on how the Government moves on its economic restructuring policies and property cooling measures, Bank of America Merrill Lynch has said in a new report. -- -
ReplyDeleteSee more at:
http://www.straitstimes.com/news/business/economy/story/ageing-population-restructuring-could-weigh-property-prices-bofa-merrill#sthash.tu8HLJBj.dpuf
Home prices ‘to fall 20% by 2016 on restructuring, curbs’: report
ReplyDeletehttp://www.channelnewsasia.com/news/singapore/home-prices-to-fall-20-by/1354620.html
Hello Everybody,
ReplyDeleteMy name is Mrs Sharon Sim. I live in singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) +918376918351 Thank you.
How I Got My Loan From A Genuine And Reliable Loan Company
ReplyDeleteI am Mrs.Irene Query i was in need of a loan of S$70,000 and was scammed by those fraudulent lenders and a friend introduce me to Dr Purva Pius,and he lend me the loan without any stress,you can contact him at (urgentloan22@gmail.com) Approvals within 4-6 Hours
1. Your Full names:_______
2. Contact address:_______
3. Country Of Residence:______
4. Loan Amount Required:________
5. Duration:_____
6. Gender:_____
7. Occupation:________
8. Monthly Income:_______
9. Date Of Birth:________
10.Telephone Number:__________
Regards.
Managements
Email Us: urgentloan22@gmail.com