{"id":78205,"date":"2018-01-29T10:43:09","date_gmt":"2018-01-29T03:43:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-for-2-straight-quarters\/"},"modified":"2018-01-29T11:05:22","modified_gmt":"2018-01-29T04:05:22","slug":"private-home-prices-rise-for-2-straight-quarters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-for-2-straight-quarters\/","title":{"rendered":"Private home prices rise for 2 straight quarters"},"content":{"rendered":"


\nOverall private home prices in Singapore rose by 0.8 percent in Q4 2017, marking its second straight quarter of increase versus the 0.7 percent growth in Q3 2017, according to the latest data released by the Urban Redevelopment Authority (URA) on Friday (26 January).
\nAccording to Colliers International\u2019s Research Head Tricia Song, the budding recovery reversed the weakness in the first half of last year. Consequently, prices of private residential properties edged up by 1.1 percent for the entirety of 2017 compared to a dip of 3.1 percent in the prior year.
\nExcluding executive condominiums (ECs), home builders launched a total of 6,020 uncompleted private houses last year versus 7,877 units in 2016. Despite the lower launches, they sold 10,566 private dwellings compared to 7,972 units in 2016.
\n\u201cThe twin effect of lower new launches and returning buying interest has kept prices of private homes trending upwards\u2026 With the indices of all segments (CCR, RCR and OCR) recording at least two consecutive quarters of growth, the price recovery appears to be on a firm footing,\u201d said JLL\u2019s National Director for Research & Consultancy Ong Teck Hui.
\nHe noted that the number of units released last year was the lowest in 13 years, and developers are holding back their launches to leverage on rising home prices.
\nMeanwhile, Colliers\u2019 Song expects developers to sell a total of 12,600 private homes, excluding ECs, for the whole of 2018. This would not only exceed last year\u2019s 10,566 units, but also the highest since 14,948 units were taken up in 2013.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home prices rise for 2 straight quarters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Overall private home prices in Singapore rose by 0.8 percent in Q4 2017, marking its...<\/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-78205","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-kln","jetpack-related-posts":[{"id":41963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-down-3-1-in-2016-ura-data\/","url_meta":{"origin":78205,"position":0},"title":"Private home prices down 3.1% in 2016: URA data","date":"January 26, 2017","format":false,"excerpt":"\r Aerial view of private properties in the Kembangan area. Excluding executive condominiums (ECs), prices of private homes in Singapore dipped by 0.5 percent in Q4 2016 following a 1.5 percent drop in the previous quarter. For the whole of 2016, prices fell by 3.1 percent versus the 3.7 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-7-9-in-2018-hdb-resale-prices-down-0-9\/","url_meta":{"origin":78205,"position":1},"title":"Private home prices up 7.9% in 2018, HDB resale prices down 0.9%","date":"January 25, 2019","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore, excluding executive condominiums (ECs), increased at a faster pace last year. On the other hand, the decline in HDB resale prices slowed down. According to latest statistics released by the Urban Redevelopment Authority (URA) on Friday (25 Jan), private residential prices eased by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/resale-private-home-prices-unchanged-in-december\/","url_meta":{"origin":78205,"position":2},"title":"Resale private home prices unchanged in December","date":"February 1, 2017","format":false,"excerpt":"\r Prices of completed private homes across Singapore stayed flat in December.\u00a0 Island-wide prices of completed private homes stayed flat in December 2016 on a monthly basis, compared to a 0.8 percent drop in November, flash estimates of the NUS Singapore Residential Price Index (SRPI) showed. Excluding small units, prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-sees-first-home-price-hike-in-4-years\/","url_meta":{"origin":78205,"position":3},"title":"S\u2019pore sees first home price hike in 4 years","date":"October 30, 2017","format":false,"excerpt":"\r Overall prices of private homes in Singapore rose for the first time in nearly four years after it edged up by 0.7 percent in Q3 2017 compared with the 0.1 percent dip in the prior quarter, according to the latest statistics from the Urban Redevelopment Authority (URA). In particular,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-hits-3-year-high\/","url_meta":{"origin":78205,"position":4},"title":"New private home sales hits 3-year high","date":"January 17, 2017","format":false,"excerpt":"\r Singapore developers sold a higher number of units last year due to the more affordable prices at new launches. \u00a0 Sales of new private homes, including executive condominiums (ECs), climbed to a high of 12,408 units compared to the 9,026 and 10,199 units transacted in 2014 and 2015 respectively,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growth-in-private-home-prices-still-possible-in-2020-say-experts\/","url_meta":{"origin":78205,"position":5},"title":"Growth in private home prices still possible in 2020, say experts","date":"December 16, 2019","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore is expected to grow modestly in 2020 amid resilient rental demand, according to property analysts and experts. Despite this, developers will face an uphill task of selling their units, given the high number of unsold private homes in the pipeline, reported The Business\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\/78205"}],"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=78205"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78205\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}