{"id":100646,"date":"2018-10-29T11:21:12","date_gmt":"2018-10-29T04:21:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-at-a-much-slower-pace-in-q3\/"},"modified":"2018-10-29T12:03:21","modified_gmt":"2018-10-29T05:03:21","slug":"private-home-prices-rise-at-a-much-slower-pace-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-at-a-much-slower-pace-in-q3\/","title":{"rendered":"Private home prices rise at a much slower pace in Q3"},"content":{"rendered":"


\nThe URA\u2019s price index rose 0.5% in Q3, compared with the 3.4% increase in the quarter before.
\nPrivate residential property prices grew at a much slower pace in the third quarter of 2018 as the government\u2019s latest round of property cooling measures in July took their toll.
\nThe Urban Redevelopment Authority\u2019s private residential property price index rose 0.5 percent in Q3 to 149.7 points, compared with the 3.4 percent increase seen in the previous quarter.
\nMore: Sentiment Among Property Developers Down On July Cooling Measures
\nLanded property prices climbed 2.3 percent, while prices of non-landed properties remained unchanged.
\nThis comes as only the Core Central Region (CCR) registered a price increase of 1.3 percent. The Rest of Central Region (RCR) and Outside Central Region (OCR) saw prices drop 1.3 percent and 0.1 percent respectively.
\nWith the slower growth in prices, take-up rate during the period was the highest in over four quarters at 3,012 units.
\n\u201cDespite the healthy take-up, it was unable to match the number of launches during the quarter \u2013 at its highest number since Q2 2013,\u201d said Desmond Sim, CBRE\u2019s head of research for Singapore and Southeast Asia.
\n\u201cThis resulted in an increase in the number of unsold units to 30,467 units (excluding ECs) in Q3 2018 \u2013 from 26,943 units last quarter.\u201d
\nMoreover, there is a potential supply of \u201c14,200 units from the awarded GLS (6,700) and en bloc sites (7,500), which have not been granted planning approval but will be coming onto the market next year\u201d.
\nWith this, Sim expects growth in the price index to be \u201cin the positive region albeit more moderate or zero growth in the next 12 months\u201d.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home prices rise at a much slower pace in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The URA\u2019s price index rose 0.5% in Q3, compared with the 3.4% increase in the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100646","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qbk","jetpack-related-posts":[{"id":98876,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-at-slower-pace\/","url_meta":{"origin":100646,"position":0},"title":"Private home prices rise at slower pace","date":"October 1, 2018","format":false,"excerpt":"\r Price growth in the private residential market slowed to 0.5% compared to the 3.4% increase in Q2 2018. While private home prices continued to increase in the third quarter of 2018, the hike in prices was slower at 0.5 percent compared to the 3.4 percent increase seen in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28301,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-1-5-in-q3\/","url_meta":{"origin":100646,"position":1},"title":"Private home prices down 1.5% in Q3","date":"October 3, 2016","format":false,"excerpt":"\r Prices of private housing units in Singapore are still falling.\u00a0 The private residential property price index fell 2.1 points to 137.9 in the third quarter of 2016 from 140.0 points in the previous quarter, according to the Urban Redevelopment Authority\u2019s (URA) flash estimates released on Monday (3 October). This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-2-7-in-2019\/","url_meta":{"origin":100646,"position":2},"title":"Private home prices up 2.7% in 2019","date":"January 23, 2020","format":false,"excerpt":"\r On a quarterly basis, private home prices climbed 0.5% in the fourth quarter of 2019, continuing the 1.3% increase seen in the previous quarter. The private homes prices in Singapore rose 2.7% in 2019, down from the 7.9% hike previously registered in 2018, according to the latest private home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-up-in-q3-2019\/","url_meta":{"origin":100646,"position":3},"title":"Private home prices, HDB resale prices up in Q3 2019","date":"October 25, 2019","format":false,"excerpt":"\r Meanwhile, buyer demand for\u00a0HDB resale flats has remained surprisingly resilient, with 6,264 resale flats changing hands, which is almost on par with the 6,276 units transacted in Q2 2019. 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