The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 20151.
PRIVATE RESIDENTIAL PROPERTIES
Private residential market at a glance (excluding ECs):
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The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 20151.
Private residential market at a glance (excluding ECs):
Home prices in Singapore will probably extend declines as the government sticks with curbs, according to Keppel Land, signaling further losses for Asia’s second-most expensive housing market.
“Home prices are expected to continue to moderate,” chief executive Ang Wee Gee said at a results briefing on Wednesday. “Singapore is unlikely to relax property-cooling measures in the short term.”
RESALE prices and rents for private homes both tumbled to fresh lows last month as the property market slowdown deepened.
The declines underscore a downward trend that has been evident in the residential market since tougher cooling measures and home loan restrictions were rolled out last year, and consultants believe the gloom is unlikely to lift any time soon.