{"id":24507,"date":"2016-08-31T17:44:45","date_gmt":"2016-08-31T10:44:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-condo-prices-inch-up-in-july-from-central-region-gains\/"},"modified":"2016-08-31T17:49:14","modified_gmt":"2016-08-31T10:49:14","slug":"singapore-condo-prices-inch-up-in-july-from-central-region-gains","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-condo-prices-inch-up-in-july-from-central-region-gains\/","title":{"rendered":"Singapore condo prices inch up in July from central region gains"},"content":{"rendered":"


\nValues in both central and non-central regions sink year-on-year though
\nSingapore\u2019s central region lifted overall price growth for condos across the island. Songquan Deng \/ Shutterstock
\nCondominium values in the central region of Singapore are still in the growth lane.
\nLast month, prices for non-landed residential units in the region inched up by 0.7 percent, a faint echo of the 0.9 percent increase detected in June, data released Monday in the NUS Singapore Residential Price Index shows.
\nThe uptick in the central region is largely credited for buoying values of completed apartments all over the island by 0.2 percent. Values of completed apartments had increased by 0.7 percent island-wide in June.
\n\u201cPrices have somewhat stabilised and people have been\u2026 on the sidelines for about two years,\u201d PropNex executive director Kelvin Fong told the Straits Times. \u201cSo while some may still be waiting for prices to drop further, others have returned to the market.\u201d
\nMore: London, NYC still top of mind for Middle Eastern investors
\nLagging behind is the country\u2019s non-central region, where values dropped 0.2 percent in July, compared with a 0.6 percent increase in the previous month. Year-on-year, prices in the area slumped by 2.3 percent.
\nThe central region did not fare any better, registering a year-on-year drop of 1.3 percent.
\nAfter inching up 0.4 percent in June, prices of small units, i.e. those measuring 506 square feet or below, stood unchanged in July.
\nLong-term investors remain in Singapore\u2019s luxury property market, according to Jennifer Chia, executive director and head of corporate real estate at TSMP Law Corporation.
\n\u201cMost of them have ties to Singapore \u2013 Singaporeans or permanent residents, or those who see Singapore as a place they will live in the longer term,\u201d Chia told the Straits Times. \u201cPeople with the cash reserves to buy did not want to be caught off-guard if there were going to be changes to the Additional Buyer\u2019s Stamp Duty. But now that the Government has been signalling cooling measures may not be lifted in the near future, they have decided not to hold off any longer.\u201d
\nRead next: How has Singapore\u2019s real estate market changed in 51 years?
\n
\nSource : property-report.com
\nRead more…Singapore condo prices inch up in July from central region gains<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Values in both central and non-central regions sink year-on-year though Singapore\u2019s central region lifted overall...<\/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-24507","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\/p75ss1-6nh","jetpack-related-posts":[{"id":24362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-condo-prices-in-central-region-up-the-most-in-july\/","url_meta":{"origin":24507,"position":0},"title":"Resale condo prices in central region up the most in July","date":"August 30, 2016","format":false,"excerpt":"\r Prices of completed apartments in the central region, which includes Orchard Road, have been rising in recent months. Prices of completed non-landed private homes across Singapore inched up by 0.2 percent in July compared to a 0.7 percent rise in the previous month, flash estimates of the NUS Singapore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prices-of-completed-condo-units-down-0-6-in-april-nus-index\/","url_meta":{"origin":24507,"position":1},"title":"Prices of completed condo units down 0.6% in April: NUS index","date":"May 30, 2017","format":false,"excerpt":"\r View of high-rise apartments in Singapore. Prices of completed private non-landed residential properties fell 0.6 percent in April 2017, compared to a 0.8 percent rise in the month before, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices of private non-landed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/completed-condo-prices-up-0-5-in-july-nus-index\/","url_meta":{"origin":24507,"position":2},"title":"Completed condo prices up 0.5% in July, NUS index","date":"August 29, 2017","format":false,"excerpt":"\r \u00a0 Prices of completed condominiums and apartments in Singapore continued to grow in July at 0.5 percent, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI). However, the uptick is a bit slower compared to the 0.9 percent increase registered in June. SEE ALSO:\u00a0Get the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/completed-condo-prices-up-0-1\/","url_meta":{"origin":24507,"position":3},"title":"Completed condo prices up 0.1%","date":"March 1, 2016","format":false,"excerpt":"\r Condominiums in Singapore. Prices of completed condominiums edged up by 0.1 percent in January 2016 compared to the previous month, according to latest flash estimates of the NUS Singapore Residential Price Index (SRPI). Based on the Index, prices of completed units in the central region (districts 1 to 4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21672,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/completed-condo-prices-up-0-6-in-june-nus-index\/","url_meta":{"origin":24507,"position":4},"title":"Completed condo prices up 0.6% in June: NUS index","date":"July 29, 2016","format":false,"excerpt":"\r View of completed apartment buildings in Singapore. Prices of resale non-landed private homes across the island rose slightly by 0.6 percent in June, after falling by 0.9 percent in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/07\/NUS-Singapore-Residential-Price-Index-June-2016.jpg?fit=672%2C515&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":42519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-private-home-prices-unchanged-in-december\/","url_meta":{"origin":24507,"position":5},"title":"Resale private home prices unchanged in December","date":"February 1, 2017","format":false,"excerpt":"\r Prices of completed private homes across Singapore stayed flat in December.\u00a0 Island-wide prices of completed private homes stayed flat in December 2016 on a monthly basis, compared to a 0.8 percent drop in November, flash estimates of the NUS Singapore Residential Price Index (SRPI) showed. Excluding small units, prices\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\/24507"}],"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=24507"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24507\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=24507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=24507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=24507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}