{"id":40153,"date":"2017-01-10T10:54:55","date_gmt":"2017-01-10T03:54:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-housing-market-still-sluggish-report\/"},"modified":"2017-01-10T11:23:49","modified_gmt":"2017-01-10T04:23:49","slug":"singapore-housing-market-still-sluggish-report","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-housing-market-still-sluggish-report\/","title":{"rendered":"Singapore housing market still sluggish: report"},"content":{"rendered":"


\nHome prices in Singapore fell by almost three percent year-on-year in Q3 2016, revealed Global Property Guide.
\nAmidst a slowdown in Singapore\u2019s economy, its residential market remained sluggish during the third quarter of 2016, with home prices down by 2.89 percent year-on-year following annual declines of 2.35 percent and 2.94 percent in the first and second quarter respectively, revealed a report from Global Property Guide.
\nIn Q3 2016, property developers sold 1,981 new private homes, a 12.2 percent drop from the previous quarter, and a 17.8 percent decline from the same period a year before. The number of uncompleted private units launched also plunged by nearly 34 percent on an annual basis, data from the Urban Redevelopment Authority (URA) showed.
\nAt the same time, the local economy grew by just 0.6 percent year-on-year, after posting higher gains of 2.1 percent and 2.0 percent in the first and second quarter respectively, noted figures from the Monetary Authority of Singapore (MAS).
\nMeanwhile, housing prices fell year-on-year in other Asian markets, including South Korea (0.06 percent), Indonesia (0.3 percent), Taiwan (2.95 percent), the Philippines (5.14 percent), Hong Kong (5.9 percent) and Mongolia (6.66 percent).
\nOn the other hand, China posted the highest global price growth of 24.32 percent, while Thailand and Japan saw gains of 1.13 percent and 6.56 percent respectively.
\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…Singapore housing market still sluggish: report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home prices in Singapore fell by almost three percent year-on-year in Q3 2016, revealed Global...<\/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-40153","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-arD","jetpack-related-posts":[{"id":32797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-home-prices-see-marginal-rise-in-q3\/","url_meta":{"origin":40153,"position":0},"title":"Luxury home prices see marginal rise in Q3","date":"November 3, 2016","format":false,"excerpt":"\r Luxury homes here have seen only minimal price growth in the last quarter. Singapore\u2019s luxury home prices grew by only 0.5 percent quarter-on-quarter in Q3 2016, according to a JLL report. The city-state joins 17 other cities tracked by JLL, which saw their rate of price growth decline from\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":40153,"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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Outside central region (OCR) prices inched up by 0.7 percent in Q3 2019. Private home prices in Singapore rose for the second consecutive quarter in the third quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-down-0-6-in-q3\/","url_meta":{"origin":40153,"position":4},"title":"HDB resale prices down 0.6% in Q3","date":"October 2, 2017","format":false,"excerpt":"\r Singapore HDB flats (Photo: Google maps) Prices of HDB resale flats fell 0.6 percent to 132.9 in the third quarter of 2017, revealed flash estimates of the Resale Price Index (RPI). This comes after resale flat prices dipped by 0.1 percent to 133.7 in the second quarter, and by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-from-singaporean-home-buyers-continues-to-grow\/","url_meta":{"origin":40153,"position":5},"title":"Demand from Singaporean home buyers continues to grow","date":"December 6, 2016","format":false,"excerpt":"\r Lake Grande in Jurong was the most popular project among Singaporeans in Q3, with 441 units sold to local buyers. 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