{"id":76200,"date":"2018-01-10T14:13:43","date_gmt":"2018-01-10T07:13:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/report-average-home-prices-in-singapore-could-rise-by-17-over-2018-2021\/"},"modified":"2018-01-10T15:02:59","modified_gmt":"2018-01-10T08:02:59","slug":"report-average-home-prices-in-singapore-could-rise-by-17-over-2018-2021","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/report-average-home-prices-in-singapore-could-rise-by-17-over-2018-2021\/","title":{"rendered":"Report: Average home prices in Singapore could rise by 17% over 2018-2021"},"content":{"rendered":"


\nInvestment volumes to remain strong for Singapore, while home prices are forecast to rise.
\nThe prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed a 2018 Asia Pacific Property Outlook report released by Colliers International on Wednesday (10 January).
\nOn the back of strong economic growth seen in 2017, property investment sales in the city-state are likely to remain robust this year.
\nThere was a slew of transactions in 2017 which amounted to an estimated $40.2 billion, up 54 percent from the previous year. The majority (54 percent) were residential deals due to the strong demand for sites via public tender and the collective sale market. According to Colliers, this was the highest annual investment sale value since the 2007 property boom.
\n\u201cThis positive momentum should carry into 2018, with a strong start anticipated in the residential sector,\u201d said Tricia Song, Singapore research head at Colliers International. \u201cAs at January 10, there are 11 residential collective sale tenders closing in the next five weeks, including City Towers in District 10, and four GLS (Government Land Sales) tenders due on January 30.\u201d
\nThe property consultancy also expects private home prices to recover further due to demand from displaced sellers of collective sale projects and the large capital gains.
\n\u201cAverage home prices may rise by 17 percent over 2018-2021, supported by higher GDP growth, falling physical completions and ongoing collective sale deals,\u201d noted Colliers.
\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…Report: Average home prices in Singapore could rise by 17% over 2018-2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investment volumes to remain strong for Singapore, while home prices are forecast to rise. The...<\/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-76200","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-jP2","jetpack-related-posts":[{"id":77938,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-january-2018\/","url_meta":{"origin":76200,"position":0},"title":"News Roundup (January 2018)","date":"January 25, 2018","format":false,"excerpt":"\r Our top Singapore property stories. Report:\u00a0Average home prices\u00a0could rise by 17% over 2018-2021\u00a0 The prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed a 2018 Asia Pacific Property Outlook report released by Colliers International recently.\u00a0\u00a0 On the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/New-Futura-resized-816x1024.jpg?fit=816%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":119949,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-investment-to-increase-20-in-2021\/","url_meta":{"origin":76200,"position":1},"title":"Singapore property investment to increase 20% in 2021","date":"January 27, 2021","format":false,"excerpt":"\r Singapore property investment to increase 20% in 2021The positive forecast for 2021 comes on the back of the strong rebound registered in Q4 2020, where\u00a0property investment sales trebled quarter-on-quarter and doubled year-on-year to $14.4 billion. 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