S’pore Home Prices Downtrend

SINGAPORE: The property market is poised for further slides this year, with weak economic growth and rising interest rates likely to drag prices south. National Development (MND) Minister Lawrence Wong said recently it was too early to talk about unwinding cooling measures and suggested these steps would dampen demand. As at the third quarter of … Read more

Experts Forecast Lower Loan Growth

Loan growth in Singapore is expected to fall to five percent for the whole of 2015, but this could decline further next year, reported Channel NewsAsia citing experts. “Between 2013 and 2015, while domestic growth has slowed down, overseas growth was able to compensate for slowness in domestic growth. But now, with China-led regional slowdown, even … Read more

Tougher times Ahead For Housing Market

Analysts expect Singapore’s private housing market to face tougher times next year, with the lacklustre economic environment dampening sentiment further, reported TODAYonline. The US Federal Reserve’s decision to raise interest rates and the existing property curbs could see prices drop by up to eight percent in the next 12 months. JLL’s National Director for Research and … Read more

Non-Landed Home Prices Down 0.6%

Prices of completed non-landed private homes dipped 0.6 percent in November 2015 compared to a 0.1 percent increase in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices in the central region fell 0.8 percent last month after rising 0.5 percent in October. In the non-central … Read more