Home prices inched up by 1.1% in 2017

Rentals declined by 1.9%, albeit softer than last year's 4% drop.

Home prices in Singapore rose by 1.1% YoY, compared to the 3.1% decline in 2016, the Urban Redevelopment Authority (URA) revealed.

According to data, prices of private residential properties increased by 0.8% in Q4, similar to the 0.7% increase in the previous quarter.

Prices of landed properties dipped by 0.5% YoY, whilst prices of non-landed properties edged up by 1.3% YoY.

Prices of non-landed properties in Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) increased by 0.6% YoY, 1.8% YoY, and 1.4% YoY respectively.

Meanwhile, rentals of private homes declined by 1.9% YoY, compared with the decline of 4% in 2016. Rentals of landed and non-landed properties declined by 3.1% YoY and 1.7% YoY respectively.

There were 877 uncompleted private residential units, excluding executive condominiums (ECs), launched for sale in Q4, compared with 1,183 units in the previous quarter. For the whole of 2017, developers launched 6,020 units, compared with 7,877 units in 2016.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.
VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
The growth rate estimate is lower than the 2021 forecast of 6.6%.
The bank assured customers that it employs a multi-layered defence system against fraud.
This after S-REITs delivered a modest 6% in total returns in 2021. 
Banks are asked to remove links in emails and SMS sent to customers.
It will redeploy the proceeds from this divestment into higher-yielding assets.
The US, the UK, and Australia were their top destinations during the year-end.