Private property price growth eases in Q3 following cooling measures
Prices up 0.5% compared to an increase of 3.4% in previous quarter
Singapore
PRIVATE homes prices grew at a slower pace in the third quarter as the latest property cooling measures kicked in, although the top end of the market proved to be more resilient.
Prices edged up 0.5 per cent - in line with earlier flash estimates - in Q3, compared to an increase of 3.4 per cent in the previous quarter, according to the latest report from the Urban Redevelopment Authority (URA).
Market watchers pointed to disruptions during the quarter, namely the July 6 cooling measures which brought higher additional buyer's stamp duty (ABSD) and tighter loan-to-value limits, as well as the Hungry Ghost festival which generally sees slower sales.
In the third quarter, prices of landed properties - still seen as relatively attractive by some buyers - rose by 2.3 per cent in Q3, …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore Q1 industrial rents rise further 1.7%, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction