{"id":31967,"date":"2016-10-28T15:00:26","date_gmt":"2016-10-28T08:00:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-fall-since-2009\/"},"modified":"2016-10-28T17:52:01","modified_gmt":"2016-10-28T10:52:01","slug":"private-home-prices-see-biggest-fall-since-2009","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-fall-since-2009\/","title":{"rendered":"Private home prices see biggest fall since 2009"},"content":{"rendered":"


\nPrivate residential property prices drop more than expected.
\nPrices of private homes in Singapore fell 1.5 percent in the third quarter of 2016 after declining 0.4 percent in the previous quarter, marking the largest quarterly fall in prices since Q2 2009, according to latest data from the Urban Redevelopment Authority (URA).
\nPrices of non-landed properties in the Core Central Region (CCR) fell 1.9 percent, followed by the Rest of Central Region (RCR) and Outside Central Region (OCR), both of which saw a 1.0 percent decrease.
\n\u201cThe deeper fall in CCR prices could be due to the inclusion of benefits by delicensed projects in the index,\u201d said property consultancy OrangeTee.
\nMeanwhile, rents of non-landed properties decreased 1.4 percent, compared to the 0.4 percent decline in the previous quarter. Rents fell 1.4 percent in the CCR, 0.6 percent in the RCR and 2.4 percent in the OCR.
\n\u201c(The) outlook for the rental market remains gloomy given the substantial number of upcoming completions, impact of a slowing economy on the job market and restrained inflow of foreigners,\u201d said OrangeTee.
\nIt added: \u201cThe low-interest rate environment may continue to persist, given the headwinds facing the global economy. This would continue to fuel property demand as investors search for yield. Demand may tilt towards the primary market, as the rental market remains soft. But, amidst falling prices and rents, bargains should surface on the resale market, and investors with holding power should be able to pick up a good deal.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote 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 see biggest fall since 2009<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Private residential property prices drop more than expected. Prices of private homes in Singapore fell...<\/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-31967","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\/p75ss1-8jB","jetpack-related-posts":[{"id":31969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-quarterly-fall-since-2009\/","url_meta":{"origin":31967,"position":0},"title":"Private home prices see biggest quarterly fall since 2009","date":"October 28, 2016","format":false,"excerpt":"\r Private residential property prices drop more than expected. Prices of private homes in Singapore fell 1.5 percent in the third quarter of 2016 after declining 0.4 percent in the previous quarter, marking the largest quarterly fall in prices since Q2 2009, according to latest data from the Urban Redevelopment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-fell-3-in-2016\/","url_meta":{"origin":31967,"position":1},"title":"Private home prices fell 3% in 2016","date":"January 3, 2017","format":false,"excerpt":"\r Singapore home prices continue to drop. Private home prices across Singapore fell by three percent in 2016, slightly lower than the 3.7 percent decline in 2015, according to flash estimates of the Urban Redevelopment Authority\u2019s (URA) price index. Prices in the fourth quarter dropped by 0.4 percent, compared with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/01\/Property-Price-Index-for-Q3-and-Q4-2016-1024x525.jpg?fit=1024%2C525&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":53197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-for-14th-consecutive-quarter\/","url_meta":{"origin":31967,"position":2},"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":31967,"position":3},"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":59612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smallest-decline-in-private-property-prices-in-15-quarters\/","url_meta":{"origin":31967,"position":4},"title":"Smallest decline in private property prices in 15 quarters","date":"July 3, 2017","format":false,"excerpt":"\r \u00a0 Continuing its decline for the 15th quarter since 2013, the Urban Redevelopment Authority\u2019s (URA) overall private residential property index fell 0.4 points from 136.7 points in Q1 of 2017 to 136.3 points in Q2 of the same year, its smallest decline since the introduction of cooling measures at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/07\/URA-Flash-Estimates_Chart-1.jpg?fit=883%2C485&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-sees-first-home-price-hike-in-4-years\/","url_meta":{"origin":31967,"position":5},"title":"S\u2019pore sees first home price hike in 4 years","date":"October 30, 2017","format":false,"excerpt":"\r Overall prices of private homes in Singapore rose for the first time in nearly four years after it edged up by 0.7 percent in Q3 2017 compared with the 0.1 percent dip in the prior quarter, according to the latest statistics from the Urban Redevelopment Authority (URA). In particular,\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\/31967"}],"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=31967"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/31967\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=31967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=31967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=31967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}