Singapore private home resale prices slide further 1% in April

[princess_morbucks]

SINGAPORE - Private home resale prices continued to weaken in April as more new launches lured home buyers away from the resale market.

Homes in the suburban region were the worst hit, according to Singapore Residential Price Index estimates out on Wednesday.

Overall resale prices fell 1 per cent islandwide last month from the month before, on the heels of a 1.4 per cent drop in March from February.

The suburban region bore the brunt, posting a 2 per cent decline in April from the preceding month.

- See more at: http://www.straitstimes.com/news/bus....teZiawWf.dpuf

[Kelonguni]

- See more at: http://www.straitstimes.com/news/bus....teZiawWf.dpuf

OCR hambin liao.

[teddybear]

Didn't I say OCR will drop because climbed up too much and priced very near to their CCR counterpart? We will be seeing reversion to the mean........ More of the same to come for the rest of the year .................

OCR hambin liao.

SINGAPORE - Private home resale prices continued to weaken in April as more new launches lured home buyers away from the resale market.

Homes in the suburban region were the worst hit, according to Singapore Residential Price Index estimates out on Wednesday.

Overall resale prices fell 1 per cent islandwide last month from the month before, on the heels of a 1.4 per cent drop in March from February.

The suburban region bore the brunt, posting a 2 per cent decline in April from the preceding month.

[Kelonguni]

There is another logic I learned from this forum. Just a possibility.

Quality OCR property owners holding onto their properties... no selling.

Anyway my real thinking is that all are linked. A drop B drop C drop. A rise B rise C rise.

Didn't I say OCR will drop because climbed up too much and priced very near to their CCR counterpart? We will be seeing reversion to the mean........ More of the same to come for the rest of the year .................




SINGAPORE - Private home resale prices continued to weaken in April as more new launches lured home buyers away from the resale market.

Homes in the suburban region were the worst hit, according to Singapore Residential Price Index estimates out on Wednesday.

Overall resale prices fell 1 per cent islandwide last month from the month before, on the heels of a 1.4 per cent drop in March from February.

The suburban region bore the brunt, posting a 2 per cent decline in April from the preceding month.

[teddybear]

A (OCR) rise so much B (CCR) didn't rise past few years.
So A (OCR) must drop OR else B (CCR) must rise, common sense isn't it?
However, if A (OCR) still can rise then B (CCR) sky is the limit?

There is another logic I learned from this forum. Just a possibility.

Quality OCR property owners holding onto their properties... no selling.

Anyway my real thinking is that all are linked. A drop B drop C drop. A rise B rise C rise.

[Kelonguni]

A (OCR) rise so much B (CCR) didn't rise past few years.
So A (OCR) must drop OR else B (CCR) must rise, common sense isn't it?
However, if A (OCR) still can rise then B (CCR) sky is the limit?

I like your humour.

[walkthetiger]

I like your humour.

Teddy knew what he was talking.... those are common sense...

[Kelonguni]

Teddy knew what he was talking.... those are common sense...

Of course of course. May common sense prevail...

[Kelonguni]

Common sense aside, sometimes I do wonder about the methodology in these calculations of up 1%, down 1.2% etc etc...

Do they consider factors like how old the unit in the development is? Or others like how many years of lease left? Freehold or leasehold? The average size (in sqft) of the units being resold? Their average quantum sold as compared to psf? Such are critical market data and are more informative about market trends.

I find the URA website summary a bit scanty, mainly $psf. Maybe some property website would like to take this up to calculate?

Anyway the Masterplan 2013 seem to be uploaded in URA website again for those who might be keen in it.

Have fun browsing.