Arab Today, arab today singapore\s residential property prices show signs of stabilizing
Last Updated : GMT 08:11:21
Arab Today, arab today
Arab Today, arab today

Singapore\'s residential property prices show signs of stabilizing

Arab Today, arab today

Arab Today, arab today Singapore\'s residential property prices show signs of stabilizing

Singapore - XINHUA

Singapore's residential property prices are showing signs of moderating, according to latest statistics released by local authorities on Thursday. The Urban Redevelopment Authority said in its flash estimates that the private residential property index, which gauges the movements of prices for residential properties built by private developers rather than the government, fell by 1.8 points to 214.5 points in the fourth quarter. This represents a decline of 0.8 percent, compared to the 0.4 percent increase in the previous quarter. The full-year growth for 2013 was 1.2 percent, compared with the 2.8 percent increase reported in 2012. Excluding executive condominiums, an estimated 14,950 new such homes were snapped up in the first 11 months of the year. With the last month of a year traditionally quiet for the property market, the total sales are likely to be much lower than the 22,197 new homes sold in 2012. The Straits Times quoted experts as saying that the full-year sales had been tipped to be about 15,000 units for the year. The Singapore authorities put in place several rounds of measures to cool the property market since the housing prices rebounded along with the recovery of the economy in the aftermath of the global economic downturn. In January 2012 the government implemented extra duties for certain groups of buyers, including a duty of 5 percent on permanent residents buying their first home and a 7 percent duty on Singaporeans purchasing their second property. The rules of loans were also tightened in June to make sure home-buyers will be more prudent. Some of the analysts said that they expect even fewer homes to sold and prices to be flat in 2014 as the impact of the measures was still there. Meanwhile, the resale prices of public housing flats built and sold by the Housing and Development Board fell 1.3 percent in the fourth quarter. It was the second consecutive quarter of declining public housing prices, following a decline of 0.9 percent. The market for homes built and sold by private developers is typically high-end apartments and landed properties. They account for about a quarter of the housing units in Singapore. About 80 percent of the resident population in Singapore live in public housing units built by the government and sold to qualified resident household buyers with a discount. The government ramped up the supply of such public housing units significantly since around 2011 to curb the rising prices. Prime Minister Lee Hsien Loong said that the resale prices for public housing units have been stabilizing. The Housing and Development Board said it will offer 24,300 built-to-order flats this year. It will reduce the supply of 3-room and larger flats by 18 percent to 18,600 units this year. The number of public housing flats with one bedroom, however, will be increased.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore\s residential property prices show signs of stabilizing Arab Today, arab today singapore\s residential property prices show signs of stabilizing

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday