{"id":103909,"date":"2019-02-12T11:46:26","date_gmt":"2019-02-12T04:46:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/divergence-in-home-prices-due-to-euphoric-sentiments-in-private-property-market\/"},"modified":"2019-02-12T12:02:51","modified_gmt":"2019-02-12T05:02:51","slug":"divergence-in-home-prices-due-to-euphoric-sentiments-in-private-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/divergence-in-home-prices-due-to-euphoric-sentiments-in-private-property-market\/","title":{"rendered":"Divergence in home prices due to \u201ceuphoric sentiments\u201d in private property market"},"content":{"rendered":"


\nThe government will continue to monitor the property market to ensure it is stable and sustainable.
\nThe URA Property Price Index (PPI) and HDB Resale Price Index (RPI) would tend to move together, but they moved in opposite directions last year due to upbeat market sentiment in the private residential market, according to National Development Minister Lawrence Wong in a written parliamentary reply on Monday (11 Feb).
\nAccording to data released by the URA on 25 January, private home prices increased by 7.9 percent in 2018 following a 1.1 percent gain in 2017. On the other hand, statistics from the Housing Board showed that HDB resale prices slid by 0.9 percent, an improvement from the 1.5 percent drop in the year before.
\nFind\u00a0HDB flats for sale\u00a0or read our\u00a0HDB guides\u00a0and\u00a0BTO guides
\n\u201cThe recent divergence was largely due to euphoric sentiments in the private property market. This resulted in a sharp increase in private property prices over a very short duration.
\n\u201cThis was not sustainable as prices were increasing well ahead of fundamentals. Hence the government had moved to introduce the last round of cooling measures in July last year.\u201d
\nWong also said that the authorities will continue to monitor the private housing market and HDB resale market, and ensure both are stable and sustainable.
\nHe said this in response to a query from Non-constituency Member of Parliament Daniel Goh Pei Siong, who asked whether the unusual divergence in price trends for private homes and HDB resale flats in 2018 was caused by concerns regarding leasehold decay and depreciation of ageing HDB flats, and whether the divergence is a cause for concern if it\u2019s not arrested.
\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…Divergence in home prices due to \u201ceuphoric sentiments\u201d in private property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government will continue to monitor the property market to ensure it is stable and...<\/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-103909","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-r1X","jetpack-related-posts":[{"id":120572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/","url_meta":{"origin":103909,"position":0},"title":"Private home prices, HDB resale prices continue to increase in Q2 2021","date":"July 1, 2021","format":false,"excerpt":"\r Private home prices, HDB resale prices continue to increase in Q2 2021Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.\u00a0 Singapore saw private home prices and HDB resale prices continue to increase in the second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-MRT-station.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-down-in-q1-2019\/","url_meta":{"origin":103909,"position":1},"title":"Private Home Prices, HDB Resale Prices Down In Q1 2019","date":"April 26, 2019","format":false,"excerpt":"\r Private home prices in Singapore fell 0.7 percent in the first quarter of 2019, notably larger than the\u00a00.1 percent decrease registered during the previous quarter, showed the Urban Redevelopment Authority (URA) data on Friday (26 April). It is also a notch higher than the 0.6 percent drop estimated by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116101,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-not-to-correct-excessively\/","url_meta":{"origin":103909,"position":2},"title":"HDB resale prices not to \u201ccorrect excessively\u201d","date":"May 6, 2020","format":false,"excerpt":"\r OrangeTee & Tie\u00a0expects property sales to \u201cpick up speed and regain some momentum when the crisis subsides and safe distancing measures are gradually eased\u201d.\u00a0 While housing demand may ease should the Covid-19 pandemic persist, OrangeTee & Tie does not expect resale prices of Housing and Development Board (HDB) flats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-down-in-q1\/","url_meta":{"origin":103909,"position":3},"title":"Singapore home prices down in Q1","date":"April 2, 2019","format":false,"excerpt":"\r The drop in private home prices wasn\u2019t surprising considering the weaker market sentiment following the introduction of new cooling measures last year, said analysts. Private home prices fell for the second straight quarter, dropping 0.6 percent in the first quarter of 2019 from the previous three-month period, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-on-decline-again\/","url_meta":{"origin":103909,"position":4},"title":"HDB resale prices on decline again","date":"October 1, 2018","format":false,"excerpt":"\r Resale flat prices rose slightly in Q2, but reverted to its declining trend in Q3. After a brief stint on the upside, prices of resale flats continued its downward trend as it fell 0.2 percent in the third quarter 2018, revealed flash estimates from the Housing and Development Board\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":103909,"position":5},"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. Despite rising global uncertainties, the impact of additional cooling measures and lukewarm consumer sentiment, Singapore\u2019s real estate market continued to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/10\/ura-property-price-index-q3-2019-singapore.png?fit=550%2C283&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103909"}],"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=103909"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103909\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}