Prices of Singapore's private homes fell 4.7 per cent in the second quarter
SINGAPORE - Prices of Singapore's private homes fell 4.7 per cent in the second quarter, less than earlier estimated.
The Urban Redevelopment Authority said in a news release on Friday that the price index of private residential property, for the three-month period ending June, dropped to 133.3 from 139.9 in the first quarter, falling for the fourth straight quarter.
Preliminary figures from the URA earlier this month showed prices easing 5.9 per cent.
It also said that house rentals were down 5.2 per cent in the second quarter after a 8.5 per cent drop in the first three months of this year. -- BT ONLINE
Prices have definitely gone up
Prices have definitely gone up somewhat ... that's why I came back to this forum.
I was hiding over the past year while the storm was going on and didn't dare to open my eyes. :scared-1:
But recently I checked the SISV Caveat database, things are not as bad as it seems.
Landed property is the best performer. No lost at all. Back to pre-crisis level. In fact my neighbour sold recently at price slightly higher than pre-crisis.
Office is the worst performer. Dropped 50% - $500,000 but only bounced back up $100,000. :doh: I think there is a huge oversupply of office properties especially with all the downtown buildings coming up.
HSBC warns of property bubble in Singapore, China and Hong Kong
HSBC warns of property bubble in Singapore, China and Hong Kong
http://www.h88.com.sg/article/HSBC+w...and+Hong+Kong/