When a price fall isn’t a price fall
SISV Services is fixing problem with caveats lodged for some subsale deals. PRIVATE home prices have fallen but in some cases, the drop may not be as much as suggested by SISV Services’ Realink database. SEEING DOUBLE Savills Singapore has spotted more than 60 instances of ‘duplicate caveats’ listed at different prices for the same … Read more
Q4 private home price slide is worst in decade
Some consultants notice yawning bid-ask gaps leading to distressed transacted prices IN its worst showing since Q4 1998, the official private home price index slid 5.7 per cent in Q4 last year over the preceding quarter. For full-year 2008, the index fell 4.3 per cent, reversing a 31.2 per cent jump in 2007. Property consultants … Read more
HDB resale prices could dip soon
Economic slowdown expected to lead to people downgrading later in year PRICES of HDB resale flats have continued to rise even as the economic downturn takes its toll on jobs, wages and private home prices. But analysts warn this recent steady rise may not last long. According to flash estimates of HDB’s Resale Price Index … Read more
HDB resale price index up 1.5% in Q4
PUBLIC housing resale prices have stubbornly continued to climb even as private home prices are accelerating downhill and pundits are betting on flat prices still holding firm this year if not seeing a modest single-digit growth, then staying level for the most part. Flash estimates from the Housing and Development Board (HDB) showed that its … Read more
Dismal home sales stats not seen since ‘98
THE comparison rings with foreboding the last time private home prices took a bigger dive than this, it was exactly a decade ago, in the midst of the Asian financial crisis. In the last three months of 2008, the private resident property price index dropped 5.7 per cent, more than double the rate of decrease … Read more
Private homes continue freefall; HDB prices hold up
The fourth quarter’s 5.7 per cent drop is the sharpest in a decade THE deepening economic crisis sent private home prices plunging 5.7 per cent in the fourth quarter of 2008 – the steepest drop in a decade. The dramatic fall has effectively brought an end to Singapore’s four-year property rally as prices had already … Read more
