![](\"http:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/07\/URA-Flash-Estimates_Chart-1.jpg?fit=883%2C485\")
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\nContinuing 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 0.3 percent.<\/p>\n
Source: URA
\nBased on transaction prices provided in contracts submitted for stamp duty payment and data on units sold by developers, URA\u2019s flash estimates indicate that prices decreased by 0.9 percent and 0.4 percent in the Core Central Region (CCR) and Outside Central Region (OCR) respectively.<\/p>\n
Source: URA
\u00a0 Continuing its decline for the 15th quarter since 2013, the Urban Redevelopment Authority\u2019s (URA)...<\/p>\n","protected":false},"author":1,"featured_media":59613,"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-59612","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\/07\/URA-Flash-Estimates_Chart-1.jpg?fit=883%2C485&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fvu","jetpack-related-posts":[{"id":20868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rents-down-at-slower-pace\/","url_meta":{"origin":59612,"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. 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":117472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-prices-drop-1-1-in-q2\/","url_meta":{"origin":59612,"position":1},"title":"Singapore private home prices drop 1.1% in Q2","date":"July 1, 2020","format":false,"excerpt":"\r Flash estimate\u00a0from the Urban Redevelopment Authority (URA) showed that the private residential property index fell 1.1% in Q2 2020.\u00a0 The COVID-19 pandemic has continued to affect the Singapore housing market as private home prices fell for a second consecutive quarter. Flash estimate from the Urban Redevelopment Authority (URA) showed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28301,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-1-5-in-q3\/","url_meta":{"origin":59612,"position":2},"title":"Private home prices down 1.5% in Q3","date":"October 3, 2016","format":false,"excerpt":"\r Prices of private housing units in Singapore are still falling.\u00a0 The private residential property price index fell 2.1 points to 137.9 in the third quarter of 2016 from 140.0 points in the previous quarter, according to the Urban Redevelopment Authority\u2019s (URA) flash estimates released on Monday (3 October). This\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":59612,"position":3},"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":67950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rebound-marginally-in-q3-ura\/","url_meta":{"origin":59612,"position":4},"title":"Private home prices rebound marginally in Q3: URA","date":"October 2, 2017","format":false,"excerpt":"\r Private home prices across Singapore rose by 0.5 percent quarter-on-quarter in Q3 2017, reversing the 0.1 percent dip in the previous three-month period, according to flash estimates published by the Urban Redevelopment Authority (URA) today. In the landed property segment, prices increased by one percent compared to the 0.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-fall-since-2009\/","url_meta":{"origin":59612,"position":5},"title":"Private home prices see biggest 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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59612"}],"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=59612"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/59613"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMeanwhile, prices of landed residential properties fell by 0.4 percent as compared to the 1.8 percent decrease in the previous quarter.
\nCEO PropNex Realty, Mr Ismail Gafoor commented, \u201cWith the lowest dip in the last 15 quarters, this is a clear sign that the private property market is consolidating, with strong volume of transactions witnessed thus far this year. With aggressive land bids and the positive sentiment we expect prices to grow positively by next year.\u201d
\n\u201cWe can also expect more buyers and investors who were at the sidelines to enter the market, taking advantage of the lower prices of properties today.\u201d Mr Ismail also highlighted that he is confident that overall prices in 2017 will drop by marginal 2 percent as compared to -3.1 percent in 2016.
\nPrices of non-landed private residential properties in the Rest of Central Region (RCR) increased by 0.5 percent.
\nDr Lee Nai Jia, Head of Research at Edmund Tie & Company noted that: \u201cPrices were likely to be boosted by the successful launch of [Paya Lebar Quarter] and the Stirling road land bids. We anticipate home prices in the RCR to maintain its momentum, supported by the expected bidding for sites in the area, such as the land parcel at Holland Road.\u201d
\nURA will release their full real estate statistics for Q2 2017 on 28 July.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Smallest decline in private property prices in 15 quarters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"