{"id":72743,"date":"2017-11-24T10:54:11","date_gmt":"2017-11-24T03:54:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sellers-raising-their-prices-by-4-in-some-areas-propertyguru-index\/"},"modified":"2017-11-24T11:02:48","modified_gmt":"2017-11-24T04:02:48","slug":"home-sellers-raising-their-prices-by-4-in-some-areas-propertyguru-index","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sellers-raising-their-prices-by-4-in-some-areas-propertyguru-index\/","title":{"rendered":"Home sellers raising their prices by 4% in some areas: PropertyGuru Index"},"content":{"rendered":"


\nThe CBD and its surrounding areas saw the highest increase in asking prices.
\nHome sellers are already starting to price their units higher following recent signs of a property market recovery in Singapore.
\nThis according to the PropertyGuru Property Index launched on Thursday (23 November), which shows a 3.2 percent price increase in Q3 2017 from the quarter before, reflecting an inflection point after a steady decline from Q3 2015.
\nPropertyGuru said that sellers are \u201cfuture-pricing\u201d their homes in anticipation of the market recovery gaining strength in 2018, following the recent en bloc fever and growing confidence amongst developers.
\nThe highest increase of four percent was in the city centre and the surrounding areas. This was followed by the suburbs in northern and western Singapore, which saw asking prices grow by 2.5 and 2.2 percent respectively.
\nThe Index uses data from over 200,000 listings on PropertyGuru\u2019s website, and is benchmarked against price levels as of Q1 2015.
\nAt the same time, the supply of homes put up for sale fell by 4.5 percent in Q3 from the previous quarter in anticipation of higher prices next year.
\n\u201cThere is light at the end of the tunnel now that the market sentiment has finally taken a positive turn after two consecutive years of low seller confidence,\u201d said Hari V. Krishnan, CEO of PropertyGuru Group.
\n\u201cOn the other hand, consumers looking to buy homes should consider closing on their property purchases and lock in prices at the current level.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Home sellers raising their prices by 4% in some areas: PropertyGuru Index<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The CBD and its surrounding areas saw the highest increase in asking prices. Home sellers...<\/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-72743","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-iVh","jetpack-related-posts":[{"id":92943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-in-singapore-up-7-4-in-first-half-of-2018-ura\/","url_meta":{"origin":72743,"position":0},"title":"Private home prices in Singapore up 7.4% in first half of 2018: URA","date":"July 2, 2018","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore continued to grow in Q2 2018 with a 3.4 percent increase from the previous quarter, according to flash estimates of the Urban Redevelopment Authority\u2019s price index released on Monday (2 July). \u201cThis is the fourth consecutive quarter of increase in the URA Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upward-momentum-in-sg-condo-prices-could-last-until-q3-2020\/","url_meta":{"origin":72743,"position":1},"title":"Upward momentum in SG condo prices could last until Q3 2020","date":"November 26, 2019","format":false,"excerpt":"\r \u00a0 Good news for sellers (and developers). The increase in residential property prices, which include condo prices, is\u00a0expected to last until Q3 2020, a new\u00a0Savills Research report\u00a0revealed. Based on URA data, private home prices rose a second consecutive quarter in Q3 2019 by 1.3%, after 2.0% in Q2. This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/11\/Sales-Volume-Of-Non-Landed-Private-Property.png?fit=1200%2C1055&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-at-a-much-slower-pace-in-q3\/","url_meta":{"origin":72743,"position":2},"title":"Private home prices rise at a much slower pace in Q3","date":"October 29, 2018","format":false,"excerpt":"\r The URA\u2019s price index rose 0.5% in Q3, compared with the 3.4% increase in the quarter before. Private residential property prices grew at a much slower pace in the third quarter of 2018 as the government\u2019s latest round of property cooling measures in July took their toll. The Urban\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/orchard-condo-sets-record-psf-prices\/","url_meta":{"origin":72743,"position":3},"title":"Orchard condo sets record psf prices","date":"March 13, 2018","format":false,"excerpt":"\r CDL\u2019s New Futura condo sold 48 units at an average price of over $3,200 psf. Most of the released units in CDL\u2019s recently launched New Futura project have been sold at an average price of $3,200 psf \u2013 the highest in five years, reported Singapore Business Review. 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