Real Estate & Mortgage 2 - Foreclosure Meltdown Fraud & Scams Dec08 - Bottom of ...
Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams; Real Estates Future is Great. First Time Home Buyers, FHA Loans ...
Real Estate & Mortgage 1 - Foreclosure Meltdown Fraud & Scams Dec08 - First Time ...
Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams; Real Estates Future is Great. First Time Home Buyers, FHA Loans ...
cantosTV: Commercial property valuation falls ease
Ian Cullen at IPD looks at the state of the UK and global commercial property markets.
House Prices Fall Worldwide
whittles away that over valuation. There's even some discussion on propertytalk.com that we might not see any more capital gains for property ...
Prices rise, with a hint of unease
Prices rise, with a hint of unease
Price resistance may be setting in as private homes, resale flats register small increases
By KALPANA RASHIWALA
PRICES of private homes as well as public housing resale flats registered smaller quarter-on-quarter increases in the first quarter of this year compared with Q4 last year, government flash estimates show. Market watchers say this could reflect price resistance starting to set in following non-stop increases for several quarters. Behind the rosy picture of brisk developer home sales and price gains, a quiet unease seems to be setting in the market, with uncertainty looming for the second half of this year.
There are concerns about how sustainable the recovery in the housing market is given worries about the US and European economies, among other factors. On the other hand, if the home buyer fever in Singapore does not abate, there are fears of further government measures to cool the property market. Urban Redevelopment Authority’s official price index for private homes appreciated 5.1 per cent in Q1 2010 over the preceding quarter, slower than the 7.4 per cent quarter-on-quarter rise in Q4 last year.
The latest flash estimate also reflects an increase of 24.5 per cent year on year.
URA’s price indices for non-landed private homes in the three geographical sectors too rose at a slower clip. Quarter-on-quarter increases of 4.5 per cent in Core Central Region, 7.2 per cent in Rest of Central Region and 3.9 per cent in Outside Central Region were posted in Q1 - against respective Q-on-Q hikes of 7.3 per cent, 9.5 per cent and 6.3 per cent in the fourth quarter of last year.
Housing & Development Board’s resale flat price index rose 2.7 per cent Q-on-Q in Q1, a smaller gain compared with the 3.9 per cent Q-on-Q rise in Q4 2009. The latest Q1 flash estimate reflects a 12 per cent year-on- year increase and takes the index to a new high.
HDB stressed that seen over a 10-year period (Q1 2000 to Q1 2010, the index has risen at a more modest pace of 3.5 per cent per annum on average.
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