Singapore Property News This Week #114

Residential

Property cooling measures discourage foreign buyers

According to a caveats analysis by DTZ, Singapore PRs and foreigners continued to buy fewer private homes for the second consecutive quarter in Q2 2013, while Singaporeans’ private home purchases increased by 14.4 percent in Q2 compared to Q1 2013. PRs bought just 348 units in the secondary market in Q2, 30.3 percent less than Q1; yet PRs bought 525 units in the primary market in Q2, 4.2 percent more than Q1.

(Source: Business Times)

HDB data points to easing for resale market

As the latest round of cooling measures take effect, the pressure on the public housing resale market has apparently eased with the lowest price growth for the past four years. HDB’s data has showed the Resale Price Index (RPI) increased by 0.5 percent to reach 206.6 in Q2, compared to the 1.3 percent increase …