Here’s issue #15 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).
Landed home prices in Singapore grew at a faster pace than those of non-landed homes in the third quarter of this year, according to DTZ Research.
Property agents have revealed that prices of HDB flats near 12 Circle Line stations, which are due to open on 9 October, have increased, according to a Channel NewsAsia report.
Housing rents in prime areas have dropped for the first time in nearly four years, as uncertainty in the global economy meant fewer executives are being hired, according to Jones Lang LaSalle (JLL).
With limited supply and strong demand in the HDB resale market, the Resale Price Index (RPI) has reached 187.1, a 3.8 percent rise from the previous quarter, according to HDB’s Q3 2011 flash estimates.
Price increases for private homes continue to moderate, with Q3’s price growth being the smallest in over two years.