In defiance to the slowdown, prices of HDB resale flats and private residential properties continued upwards. According to HDB's data, the Resale Price Index has risen to 187.2 in the third quarter from 180.3 (second quarter reading). Some from the Property Agencies attributed the rise to a rising demand and a fall in supply. Demand in the resale market continued to be boosted by first timers and families that need immediate housing needs, singles, PRs, upgraders as well as downgraders. These make up 80 percent of the transaction. And at the same time, subletting increased indicating a strong rental market in the brewing.
The rate of increase of home price however moderated. This might signal that caution had crept into the market. A breakdown of the URA data showed that price growth in the city fringe and suburban areas outpaced that in the prime areas. For the rest of the Central Region, the price increased 1.2 percent whereas those outside the Central Region rose 2.1 percent. This reflected the strong demand from genuine buyers and longer term investors about Singapore's economic fundamentals amid a continued low interest rate and ample liquidity environment. Separately, NUS's SRPI (Singapore Residential Price Index) also showed a marginal increase in non-landed private homes price. The SRPI Small which tracks the prices of homes under 506 square fit fell however.
1 comment:
Well, you could invest in houses if your country has depression. Otherwise, you could invest in yield-offering instruments like good stocks which offers dividends non-US denominated..Or otherwise you could invest in hard assets..
Post a Comment