Residential

Reversal for prices of non-landed private homes – prices rose by 0.9%

After three months of negative or zero growth, prices of non-landed private homes rose by 0.9% in October, according to National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI). Prices of new launches were strong in the earlier months but prices of resale homes had either remained stagnant or decreased. With the prices of the latter catching up to the former, the prices of non-landed private homes has risen.The increase may also be due to higher confidence in the market given the recovery in the stock market and the low interest rates. Prices are likely to increase as new launches continue to set record-breaking prices and sellers whose homes are near these launches follow suit.

URA and HDB launch three residential sites for sale

The Urban Redevelopment Authority (URA) and the Housing and ...