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The Outside Central Region witnessed the highest price index increase of 2.6%.
Condo resale prices edged up 2.3% YoY in May, led by gains in the Outside Central Region (OCR) which rose 2.6% in the index, data from SRX Property revealed.
The Rest of Central Region (RCR) also recorded a 2.4% YoY price index increased, followed by the Core Central Region (CCR) with 1.4% YoY.
Close to 50 new launches can be expected, some of them mega-projects, amid cautious demand and tighter financing. Analysts generally expect prices to be flat or rise slightly in 2019. Displaced en bloc owners are likely to contribute to demand, while prices of new launches are likely to take into account the high prices locked in by developers when they acquired those sites
Singapore THE private residential property market here could face some demand tests ahead as higher interest rates and heftier duties from the authorities' cooling measures weigh on buyers' wallets.
As it is, property curbs unleashed in July have already sent the private property market on roller-coaster year in 2018.
SINGAPORE: Private residential property prices fell 3.7 per cent for the whole of 2015, extending a 4 per cent decline in 2014, according to Urban Redevelopment Authority (URA) flash estimates released on Monday (Jan 4).
Prices fell 0.5 per cent in the fourth quarter of 2015, following a 1.3 per cent drop in the previous quarter, based on the private residential property index, which declined 0.7 points to 141.6 points in the fourth quarter.
All key indicators are down in the doldrums, except one.
Private home prices continue their downhill struggle, as declines continued across all segments of the private residential property market.
The drop in the price index was slightly more than the 0.9% drip last quarter.
According to a release by the Urban Redevelopment Authority, prices of non-landed properties fell 1.2%, 1.6%, and 1.6% for the Core Central Region (CCR), the rest of the Central Region (RCR) and Outside Central Region (OCR) respectively.
These were all greater compared to the declines of 0.6%, 0.6%, and 1.1% respectively in the previous quarter.
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