{"id":31520,"date":"2016-10-25T12:13:05","date_gmt":"2016-10-25T05:13:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-to-fall-with-rising-unemployment\/"},"modified":"2016-10-25T12:13:42","modified_gmt":"2016-10-25T05:13:42","slug":"property-prices-to-fall-with-rising-unemployment","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-to-fall-with-rising-unemployment\/","title":{"rendered":"Property prices to fall with rising unemployment"},"content":{"rendered":"


\nThe rise in the unemployment rate here could see property prices stagnate.
\nDBS Vickers Securities expects private property prices to fall as the unemployment rate in Singapore increases, reported Singapore Business Review.
\nThe property market is expected to move in two directions, with prices in the Core Central Region (CCR) set to bottom out, while those in the Rest of Central Region (RCR) continue to witness declines of up to five percent.
\nHowever, the sharper-than-expected slowdown in Singapore\u2019s economic growth of 0.6 percent in Q3 2016, and the rise in the unemployment rate among Singaporeans at 3.1 percent, could see property prices stagnate, said DBS Vickers.
\nBased on data from the Urban Redevelopment Authority (URA) and DBS, the brokerage firm noted that property prices continue to drop as the unemployment rate rises.
\n\u201cWe note that the worsening outlook of both data-points might result in weaker-than-expected prices,\u201d it said.
\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…Property prices to fall with rising unemployment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The rise in the unemployment rate here could see property prices stagnate. DBS Vickers Securities...<\/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-31520","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\/p75ss1-8co","jetpack-related-posts":[{"id":63042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-to-increase-by-10\/","url_meta":{"origin":31520,"position":0},"title":"Property prices to increase by 10%","date":"August 8, 2017","format":false,"excerpt":"\r \u00a0 With property sales surging 46 percent year-on-year in 1H 2017, analysts believe the property market is headed for an inflection this year, reported Singapore Business Review citing a DBS Group Research report. In fact, the analysts expect to see a hike in prices this year, while sales volume\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbs-report-puts-spotlight-on-bukit-sembawang\/","url_meta":{"origin":31520,"position":1},"title":"DBS report puts spotlight on Bukit Sembawang","date":"March 3, 2017","format":false,"excerpt":"\r About 75 percent of Bukit Sembawang\u2019s 2.8 million sq ft landbank in Singapore is still undeveloped. Despite a drop in third quarter earnings to $5.4 million, Bukit Sembawang saw its shares rise 7.84 percent to close at $5.23 on Thursday, reported the Straits Times. In fact, over 808,000 shares\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministerial-comments-rising-prices-spark-talk-of-additional-property-cooling-measures\/","url_meta":{"origin":31520,"position":2},"title":"Ministerial comments, rising prices spark talk of additional property cooling measures","date":"January 20, 2021","format":false,"excerpt":"\r Ministerial comments, rising prices spark talk of additional property cooling measuresMinister Desmond Lee\u2019s urge for Singaporeans to exercise prudence when acquiring property\u00a0and the recent rise in\u00a0private home prices have experts\u00a0believing them as signals for another round of cooling measures. Analysts consider recent ministerial remarks on the property market as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Residential-apartments-in-Singapore-v2.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":127980,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-hdb-resale-prices-continue-to-increase-in-q2-2022-over-98-of-amo-residence-sold-on-first-day-of-launch-and-more\/","url_meta":{"origin":31520,"position":3},"title":"Private home, HDB resale prices continue to increase in Q2 2022, Over 98% of AMO Residence sold on first day of launch and more","date":"July 26, 2022","format":false,"excerpt":"\r Private home, HDB resale prices continue to increase in Q2 2022, Over 98% of AMO Residence sold on first day of launch and more19th\u00a0July to 25th\u00a0July Private home prices and HDB resale prices continued on an upward trajectory in the second quarter of 2022, rising 3.5% and 2.8%, respectively,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/07\/pinnacle-duxton.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-expected-to-slump-by-20-in-2019-dbs\/","url_meta":{"origin":31520,"position":4},"title":"New private home sales expected to slump by 20% in 2019: DBS","date":"January 8, 2019","format":false,"excerpt":"\r Property cooling measures introduced last year have contributed to a slowdown in sales momentum. New private home sales in Singapore is forecasted to decline by about 20 percent year-on-year to 7,500 to 8,500 units for the whole of 2019, while prices of such properties could drop by up to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91630,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/orchard-home-prices-may-breach-4000-psf-mark\/","url_meta":{"origin":31520,"position":5},"title":"Orchard home prices may breach $4,000 psf mark","date":"June 18, 2018","format":false,"excerpt":"\r Aggressive bidding seen for prime sites within the Orchard Road area. DBS Group Research expects home prices in Orchard Road to reach or even surpass the $4,000 psf mark, given the aggressive bidding for prime sites within the area, reported Singapore Business Review. Hong Kong-listed Shun Tak Holdings, for\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\/31520"}],"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=31520"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/31520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=31520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=31520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=31520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}