{"id":50819,"date":"2017-04-04T10:44:54","date_gmt":"2017-04-04T03:44:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-prices-drop-2-8-in-q1\/"},"modified":"2017-04-04T10:55:15","modified_gmt":"2017-04-04T03:55:15","slug":"landed-home-prices-drop-2-8-in-q1","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-prices-drop-2-8-in-q1\/","title":{"rendered":"Landed home prices drop 2.8% in Q1"},"content":{"rendered":"


\nExperts believe the latest URA data shows the private residential market is reaching its trough.
\nPrivate home prices across Singapore fell 0.5 percent in the first quarter of 2017, the same rate of decline as in the previous quarter, according to flash estimates from the Urban Redevelopment Authority (URA).
\nIn Q1 2017, prices of landed properties fell 2.8 percent, while those of non-landed properties remained unchanged.
\nSpecifically, prices of non-landed properties in the Outside Central Region (OCR) increased 0.1 percent in Q1 2017. The Core Central Region (CCR) saw prices of non-landed properties dip 0.2 percent, while prices in the Rest of Central Region (RCR) held firm.
\nDesmond Sim, Head of CBRE Research for Singapore and South East Asia, said the latest URA figures \u201cprovide another piece of evidence that Singapore\u2019s residential market is reaching its trough\u201d.
\nHe noted that the fall in the index for landed homes was a \u201cfunction of the price of the projects transacted\u201d.
\n\u201cKey projects may skew indices occasionally and with a wide geographic spread, it is more important to look at the trends over a longer period. The market should prepare itself for a landing very soon, going by the latest figures.\u201d
\nLooking ahead, Sim expects home prices to \u201ccome in at between 0 and -2 percent for the whole of 2017\u201d.<\/p>\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…Landed home prices drop 2.8% in Q1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Experts believe the latest URA data shows the private residential market is reaching its trough....<\/p>\n","protected":false},"author":1,"featured_media":50820,"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-50819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/04\/Private-Residential-Property-Price-Index-Q1-2017.jpg?fit=929%2C541&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ddF","jetpack-related-posts":[{"id":20868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rents-down-at-slower-pace\/","url_meta":{"origin":50819,"position":0},"title":"Private home prices, rents down at slower pace","date":"July 22, 2016","format":false,"excerpt":"\r View of private apartments in Singapore. 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The recovery in Singapore\u2019s residential property market appears to be gathering pace following a protracted downtrend, revealed a CNBC report. 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The report noted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-market-sentiment-to-weaken-amid-restrictive-containment-measures\/","url_meta":{"origin":50819,"position":5},"title":"Residential market sentiment to weaken amid restrictive containment measures","date":"April 20, 2020","format":false,"excerpt":"\r After the residential market showed signs of slowing in the first quarter of 2020, Knight Frank expects market sentiment to weaken amid concerns over job security as well as restrictive containment measures due to Covid-19. 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