Singapore home prices are continuing their slowing streak.
The rise in home prices slowed for the ninth straight quarter in the three months ended Dec. 31, according to the Urban Redevelopment Authority, though they are still holding up fairly well – for now. Prices of non-landed private residential properties in the city’s core central region edged up half a percent in the quarter, down from a 0.7% advance the previous quarter, while home prices in other parts of the city state have showed less – or no – growth.
Some analysts say Singapore’s residential property prices could plummet more than 25% in the next three years, as government policies aimed at preventing a bubble crimp demand even as the city-state releases a flood of new flats onto the market.
Related posts:
Demand for luxury residential properties expected to turn cautious
Malaysia & Singapore Agree High Speed Rail Link Deal
Malaysians to Lease London Property during Olympics
House or condominium? How much can I afford?
Sime Darby fiscal Q2 profit up 26%
Malaysia’s Economic Growth Slows Down as Exports Weakened