\nRecession fears are impacting the market
\nGrey skies for Singapore\u2019s real estate. Image credit: Mark_and_Anna_Wilson\/Shutterstock
\nFigures for Singapore\u2019s property market in Q3 look increasingly miserable across the board, but nowhere more so than in the private residential sector, the Straits Times reports.
\nPrivate home prices dropped for the 12th quarter in a row in Q3, and were 10.8 percent less than the spike in the third quarter 2013.<\/p>\n
More: Could this be the quickest fix for Singapore\u2019s property slump?
Recession fears are impacting the market Grey skies for Singapore\u2019s real estate. Image credit: Mark_and_Anna_Wilson\/Shutterstock...<\/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-32411","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\/p75ss1-8qL","jetpack-related-posts":[{"id":108888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-building-sector-to-grow-3-2-in-2019\/","url_meta":{"origin":32411,"position":0},"title":"Singapore\u2019s building sector to grow 3.2% in 2019","date":"July 11, 2019","format":false,"excerpt":"\r Fitch Solutions expects Singapore\u2019s building sector to grow by 3.2 percent this year and 2.3 percent in 2020, on the back of strong pipeline of planned buildings. Singapore Business Review reported that the firm attributed the faster pace of growth to the residential buildings sector, which it forecasts will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-q3-economic-growth-disappoints\/","url_meta":{"origin":32411,"position":1},"title":"Singapore Q3 economic growth disappoints","date":"November 23, 2018","format":false,"excerpt":"\r There are concerns that the recent property cooling measures could weigh down on the real estate and construction sectors. 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Image credit: Christopher Chitty The residential market is seeing growing demand from local buyers, who accounted for around 76 percent of home sales in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-unsold-units-at-seven-year-low-in-q3-2017\/","url_meta":{"origin":32411,"position":3},"title":"Singapore\u2019s unsold units at seven-year low in Q3 2017","date":"January 9, 2018","format":false,"excerpt":"\r With the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell to a seven-year low at 16,031 units during the third quarter of 2017, reported Singapore Business Review citing Jefferies Singapore Limited. 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\n\u201cWorries over a weaker economy, news of job cuts and fears of a coming recession seem to have an adverse impact on the property market,\u201d Mr Nicholas Mak, executive director of SLP International Property Consultants told the Times.
\nResidential prices fell 1.5 percent from Q2, while rents slid 1.2 percent, according to data from Urban Redevelopment Authority released last week. This drop is more pronounced than in Q1 and Q2.
\nValues and rents of offices and malls fell at a slower pace in the period from June to September, but vacancies climbed to their highest levels in recent years.
\nRead next: Singapore\u2019s biggest property deal of 2016 could be in Thailand
\n
\nSource : property-report.com
\nRead more…Dismal numbers for Singapore\u2019s residential sector<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"