{"id":39585,"date":"2017-01-04T11:21:09","date_gmt":"2017-01-04T04:21:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-may-drop-further-in-2017\/"},"modified":"2017-01-04T11:30:50","modified_gmt":"2017-01-04T04:30:50","slug":"home-prices-may-drop-further-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-may-drop-further-in-2017\/","title":{"rendered":"Home prices may drop further in 2017"},"content":{"rendered":"


\nPrivate home prices in Singapore could drop by up to 3.5 percent this year, says one analyst.
\nDespite signs of a bottoming out, private home prices are expected to ease further this year, albeit at a gradual pace, reported The Straits Times.
\nThe drop in prices, however, is expected to spur interest from home buyers looking for attractive deals.
\nData from the Urban Redevelopment Authority (URA) showed that private home prices fell by three percent in 2016, the smallest price decline in three years, and by 0.4 percent in Q4 2016, or its 13th consecutive quarter of price falls.
\n\u201cDue to the lack of positive economic news, we are expecting that prices will generally continue their decline. However, buyers may capitalise on this continued window of falling prices to snag some attractive deals,\u201d said Eugene Lim, Key Executive Officer of ERA Realty Network, who expects private home prices to drop by three to 3.5 percent this year.
\n\u201cThe current price points attracted home investors\u2019 interest in 2016, and we predict that the volume of transactions in the private residential segment to close the year at 16,000, a 13 percent increase from 2015,\u201d added Mohamed Ismail, Chief Executive Officer of PropNex Realty.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Home prices may drop further in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Private home prices in Singapore could drop by up to 3.5 percent this year, says...<\/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-39585","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-ait","jetpack-related-posts":[{"id":138285,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-prices-to-decline-further-amid-high-mortgage-rates-glut-of-new-units-lack-of-mainland-buyers-jll\/","url_meta":{"origin":39585,"position":0},"title":"Hong Kong\u2019s home prices to decline further amid high mortgage rates, glut of new units, lack of mainland buyers: JLL","date":"July 12, 2023","format":false,"excerpt":"\r Market is having \u2018the longest price adjustment since 2008\u2019 and \u2018has not found a bottom\u2019, says JLL\u2019s Hong Kong chairman, as firm\u2019s new forecast calls for 5 to 8 per cent drop in home prices in 2023.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s home prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-drop-again-as-halifax-says-first-time-buyers-are-switching-to-smaller-homes\/","url_meta":{"origin":39585,"position":1},"title":"UK house prices drop again as Halifax says first-time buyers are switching to smaller homes","date":"August 7, 2023","format":false,"excerpt":"\r Decline in July is fourth monthly fall in a row with prices dropping by 2.4% on an annual basis, says lenderThe average UK house price has fallen for the fourth month in a row, according to Halifax, which says higher borrowing costs are increasingly pushing first-time buyers to switch\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-predictions-for-2018\/","url_meta":{"origin":39585,"position":2},"title":"Property predictions for 2018","date":"December 21, 2017","format":false,"excerpt":"\r Private housing prices are likely to rise further in 2018, say analysts. 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