add share buttons

Singapore Private Residential Price: Dropping

On April 1, the Singapore Urban Redevelopment Authority released a report that describes the development of private housing prices in the three months before 31st of March, revealed a decrease of 1.3% in prices, following a decline of 0.9% during the previous three months, allegedly the biggest decline since June 2009.  To get more details about Pullman residences floor plans you may check here

Singapore Private Residential Price: Dropping

Image Source: Google

Before this year, 2013 saw a 1.1% growth in prices, much reduced compared with the previous year, when the growth of 2.8 percent registered.

It is characterized by a decrease in the second quarter in a row in the price in Singapore. Specialists claim this will set the trend for 2014, detailing that suburban areas prices are likely to fall less than those in the prime district, where live mainly consisted of apartments sold back.

Over the years, house prices have raised Singapore dangerous, and 2014 debut with the projection of higher interest rates and increasing the supply.

In 2009, the government started a campaign aimed at ending speculation talk about the possibility of a housing bubble because of low-interest rates combined with record-high home prices in the property market in Singapore.

As a result, the dictates of the new lending framework those lenders consider a borrower's debt when making loans.

According to the Urban Redevelopment Authority, the prime district apartment prices fell by 1.3% during the first quarter of 2014.

By comparison, the data show that the price of apartments in the suburbs fell 0.3%, following a decline of 1% in the previous quarter, as the area near the main district recorded a 2.8% decline in the price of the apartment.