Condo resale prices rise 1% in January, 6.3% y-o-y

[Mergui219067]

For the full year, resale prices of condos and private apartments climbed 6.3 per cent in January from the year-ago period, and are now off just 1.2 per cent from their last peak in January 2014.

All locations saw price appreciation year-on-year, with the CCR, RCR and OCR recording increases of 5.6 per cent, 9.7 per cent, and 4.4 per cent respectively.

http://www.businesstimes.com.sg/rea...rices-rise-1-in-january-63-y-o-y-srx-property

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[Mergui219067]

https://www.youtube.com/watch?v=lzOIuiutYm8

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[cscs3]

Just a false symptom. More measurements may be coming as soon there will be election. Not to forget interest rate is on the raise too.

 

[Mergui219067]

Lol to those simple minds who think the govt adjusts levies for pre election only.
Just plot if the past property cycles coincide with pre elections or not.

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[onegoal]

Properties is really bullish. Lands from government is really limited. Best is own a HDB in town like Queenstown and rent it out for income.

 

[Mergui219067]

Because of 4% BSD above $1 million , extra $5k for
those who are getting a $1.5 million unit.

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[roz_sid]

Properties is really bullish. Lands from government is really limited. Best is own a HDB in town like Queenstown and rent it out for income.

hdb queenstown vs telok blangah which one better?

 

[Mergui219067]

Record bids for land sites in Singapore are expected to drive future prices of private homes.

Private home prices in Singapore are anticipated to rise further in the future on the back of record sums offered by developers for government land and en bloc sites, according to Knight Frank Singapore’s research head Alice Tan.

The previous decline in prices between late-2013 and Q2 2017 have also created pent-up demand that is currently pushing up property values. In addition, luxury houses here are now attracting investors due their affordability compared to those in other major markets across the globe.

“Buyers are seeing greater value in Singapore relative to other prime markets,” Tan told the Financial Times.

In fact, Savills noted that prime homes in the city-state cost US$1,763 psf on average. In comparison, that in central London and Hong Kong sell for US$2,520 psf and US$3,200 respectively.

https://www.propertyguru.com.sg/pro...ampaign=dailynews-02Mar2018&utm_content=links

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[mikezuper]

Record bids for land sites in Singapore are expected to drive future prices of private homes.

Private home prices in Singapore are anticipated to rise further in the future on the back of record sums offered by developers for government land and en bloc sites, according to Knight Frank Singapore’s research head Alice Tan.

The previous decline in prices between late-2013 and Q2 2017 have also created pent-up demand that is currently pushing up property values. In addition, luxury houses here are now attracting investors due their affordability compared to those in other major markets across the globe.

“Buyers are seeing greater value in Singapore relative to other prime markets,” Tan told the Financial Times.

In fact, Savills noted that prime homes in the city-state cost US$1,763 psf on average. In comparison, that in central London and Hong Kong sell for US$2,520 psf and US$3,200 ....

I think government around the world, especially in developed countries has to watch this closely.

Yes price can go up, but the rest bump up including ulu place but only a fraction of the people that can afford the new prices. Majority still behind the median and hence living just enough for themselves.

True its affordable after grant etc2 but this will result those below median will not plan to start a family, again majority of them.

But govt smart, the easiest way to keep $ in Singapore is to put it against non movable asset like property.

If people are smart, they should work above median, average and reach top 10-20% percentile. Thats the only way you can break the cycle of not being able to afford stuff comfortably. If everyone getting raise let say 3%, gahmen will increase price again in overall by 3% to keep the extra gain within the economy coz everyone now can afford it. Think about it.

 

[Mergui219067]

Condo or even ECs are not your basic home.
And the people still want even more subsidies for those desire ECs ?
There are already so many levies in place.
And for such a small stable developed city state, if not because of so many levies, it would be 2x the price now.

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