Property
Worrying Trends in the Singapore Property Market
By Singapore Property Blog  •  November 2, 2011
Recent Trends in the Singapore Property Market

By Mr. Propwise

I’ve noticed some interesting and worrying trends in the Singapore property market that I’d like to share with you, and also delve into what they mean for the property investor and own-stay home buyer.

HDB prices are rising faster than private property prices

Last week the URA reported that the private residential price index grew 1.3% in the 3rd quarter of 2011. Contrast this with the HDB’s Resale Price Index (RPI), which rose 3.8% from the previous quarter.

This increase in HDB prices is despite the 23,800 new units the HDB has pushed out in the first three quarters. The impact was not felt on prices but in the transaction volume for resale flats, which fell 10% to 5,903 units in the 3rd quarter from 6,581 units in the 2nd quarter.

The HDB will launch another 4,200 BTO flats in November, bringing ...

...
Read the full article
By Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance