{"id":102632,"date":"2019-01-02T11:14:25","date_gmt":"2019-01-02T04:14:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rose-7-9-in-2018\/"},"modified":"2019-01-02T12:03:25","modified_gmt":"2019-01-02T05:03:25","slug":"private-home-prices-rose-7-9-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rose-7-9-in-2018\/","title":{"rendered":"Private home prices rose 7.9% in 2018"},"content":{"rendered":"


\nPrivate homes in Singapore.
\nPrivate residential property prices dipped 0.1 percent in the fourth quarter of 2018, a reversal from the 0.5 percent increase posted in the previous quarter.
\nFor the whole of 2018, prices rose 7.9 percent compared to the 1.1 percent increase seen in 2017, revealed flash estimates from the Urban Redevelopment Authority.
\nNon-landed private home prices dropped by 1.5 percent in the Core Central Region (CCR) in Q4, after rising by 1.3 percent in the previous quarter.
\nThe Rest of Central Region (RCR) and the Outside Central Region (OCR) both saw prices increase by 1.8 percent and 0.8 percent, a reversal from the 1.3 percent and 0.1 percent drop posted in Q3 respectively.
\nEugene Lim, key executive officer at ERA Realty, attributed the moderate price increases in the RCR and OCR to the impact from new project launches like Kent Ridge Hill Residences, Whistler Grand, Parc Esta and Arena Residences.
\nFor the whole of 2018, prices in CCR, RCR and OCR increased by 6.2 percent, 7.4 percent and 9.5 percent respectively.
\n\u201cThe Q4 2018 decrease of 0.1 percent is a very marginal correction, and is therefore not a cause for worry amongst property owners,\u201d said Lim.
\n\u201cWe are expecting prices to hold steady in 2019, with the large number of new launches lined up over the year. Developers, while mindful to price realistically in order to move sales, are not under significant pressure to cut prices.\u201d
\nLim expects more than 40 new projects to be launched this year.
\n\u201cBarring unforeseen externalities; we may expect a slower rate of property price increase of up to two percent in 2019; and this should align property price movement with Singapore\u2019s economic growth,\u201d he noted.
\nSingapore\u2019s economy is also expected to grow by 1.5 percent to 3.5 percent this year.
\nGet more details on the property market outlook for 2019 here
\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 rose 7.9% in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Private homes in Singapore. Private residential property prices dipped 0.1 percent in the fourth quarter...<\/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-102632","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-qHm","jetpack-related-posts":[{"id":113350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-0-3-in-q4-2019-and-2-5-overall-in-2019\/","url_meta":{"origin":102632,"position":0},"title":"Private home prices up 0.3% in Q4 2019 and 2.5% overall in 2019","date":"January 2, 2020","format":false,"excerpt":"\r In Q3\u00a02019, the overall price index for private homes rose by 1.3%. Singapore\u2019s private home prices grew for the third straight quarter in 2019, as the Urban Redevelopment Authority\u2019s (URA) flash estimate for Q4 2019 revealed a 0.3% growth over the previous quarter. Overall in 2019, the same estimate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-1-in-2017-ura-data\/","url_meta":{"origin":102632,"position":1},"title":"Private home prices up 1% in 2017: URA data","date":"January 2, 2018","format":false,"excerpt":"\r The price increase signals positive market sentiment for private housing.\u00a0 Private home prices continued to rise in the last quarter of 2017 by 0.7 percent, revealed latest flash estimates of the Urban Redevelopment Authority\u2019s (URA) price index. \u00a0 This is the same price increase as seen in the third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rebound-marginally-in-q3-ura\/","url_meta":{"origin":102632,"position":2},"title":"Private home prices rebound marginally in Q3: URA","date":"October 2, 2017","format":false,"excerpt":"\r Private home prices across Singapore rose by 0.5 percent quarter-on-quarter in Q3 2017, reversing the 0.1 percent dip in the previous three-month period, according to flash estimates published by the Urban Redevelopment Authority (URA) today. In the landed property segment, prices increased by one percent compared to the 0.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-for-14th-consecutive-quarter\/","url_meta":{"origin":102632,"position":3},"title":"Private home prices down for 14th consecutive quarter","date":"April 28, 2017","format":false,"excerpt":"\r Prices of landed properties registered the largest decline of 1.8 percent in Q1 2017.\u00a0 Prices of private residential properties fell 0.4 percent in Q1 2017, following a 0.5 percent drop in the previous quarter, according to data released on Friday (28 April) by the Urban Redevelopment Authority. This is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rents-down-at-slower-pace\/","url_meta":{"origin":102632,"position":4},"title":"Private home prices, rents down at slower pace","date":"July 22, 2016","format":false,"excerpt":"\r View of private apartments in Singapore. Prices and rents of private residential properties continued to fall in the second quarter of 2016, but at a slower pace, according to more complete data released by the Urban Redevelopment Authority (URA) on Friday, 22 July. Private home prices dipped by 0.4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/07\/Property-Price-Index-of-private-residential-properties-Q2-2016.jpg?fit=607%2C335&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-2-7-in-2019\/","url_meta":{"origin":102632,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102632"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102632"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}