{"id":81660,"date":"2018-03-02T09:30:34","date_gmt":"2018-03-02T02:30:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/expected-home-price-hike-driven-by-record-land-sales\/"},"modified":"2018-03-02T12:09:24","modified_gmt":"2018-03-02T05:09:24","slug":"expected-home-price-hike-driven-by-record-land-sales","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expected-home-price-hike-driven-by-record-land-sales\/","title":{"rendered":"Expected home price hike driven by record land sales"},"content":{"rendered":"


\nRecord bids for land sites in Singapore are expected to drive future prices of private homes.
\nPrivate home prices in Singapore are anticipated to rise further in the future on the back of record sums offered by developers for government land and en bloc sites, according to Knight Frank Singapore\u2019s research head Alice Tan.
\nThe previous decline in prices between late-2013 and Q2 2017 have also created pent-up demand that is currently pushing up property values. In addition, luxury houses here are now attracting investors due their affordability compared to those in other major markets across the globe.
\n\u201cBuyers are seeing greater value in Singapore relative to other prime markets,\u201d Tan told the Financial Times.
\nIn fact, Savills noted that prime homes in the city-state cost US$1,763 psf on average. In comparison, that in central London and Hong Kong sell for US$2,520 psf and US$3,200 respectively.
\nPreviously, prices of private residential properties in Singapore surged 62 percent from Q2 2009 and reached its peak in late-2013. Thereafter, prices declined for 15 straight quarters at an aggregate rate of 11.6 percent after the government introduced a series of cooling measures to control the hot market. Prices then started to pick up in Q3 2017, with values edging up by 1.1 percent for the whole of last year.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Expected home price hike driven by record land sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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(Photo: Nikki De Guzman) The price of land sites in Singapore for prime residential and office projects did not change in the second half of 2015, according to Knight Frank\u2019s latest Prime Asia Development Land Index. But for the entire year, residential land prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/03\/Land-price-index-346x1024.jpg?fit=346%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":95641,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sales-success-rate-down-despite-increased-activity\/","url_meta":{"origin":81660,"position":1},"title":"Collective sales success rate down despite increased activity","date":"August 8, 2018","format":false,"excerpt":"\r Property developers in Singapore have become more selective with their acquisitions. 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