Residential

Private home prices increase in second quarter

According to the Urban Redevelopment Authority’s second quarter flash estimates, the private home price index increased by 0.8 percent from Q1, with a 3 percent increase for non-landed home prices in suburban areas. In Q1, the increase for private home and non-landed home prices was 0.6 and 1.4 percent respectively. Property consultants and analysts predicted a decrease in the volume of transactions for private home in the near future, but were reluctant to forecast any drop in private home prices. At the same time, the Monetary Authority of Singapore took action to prevent loopholes previously used to circumvent tighter loan-to-value limits on second and subsequent housing loans and longer-tenure loans.

(Source: Business Times)

HDB resale price growth in Q2 lowest in over four years

HDB flat resale prices in Q2 have the lowest growth in over four years, signaling ...