{"id":3511,"date":"2019-07-02T10:51:06","date_gmt":"2019-07-02T10:51:06","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3511"},"modified":"2024-09-18T13:11:14","modified_gmt":"2024-09-18T06:11:14","slug":"private-singapore-home-prices-break-from-two-quarters-of-decline","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/private-singapore-home-prices-break-from-two-quarters-of-decline\/","title":{"rendered":"Singapore home prices break from two quarters of decline"},"content":{"rendered":"<p>Property curbs had taken a toll on the private residential property market toward the end of 2018<\/p>\n<figure id=\"attachment_3512\" aria-describedby=\"caption-attachment-3512\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3512\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1402736231.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1402736231.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1402736231-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1402736231-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3512\" class=\"wp-caption-text\">Singapore cityscape at dusk. MOLPIX\/Shutterstock<\/figcaption><\/figure>\n<p>Private home prices in Singapore were up 1.3 percent in the three months to the second quarter of 2019, according to flash estimates by the Urban Redevelopment Authority.<\/p>\n<p>URA\u2019s private residential property index hit 150.5 points in Q2 2019, up from 148.6 points in the first quarter. It marks a new peak for the index since Q1 2014.<\/p>\n<p>The increase comes on the heels of two consecutive quarterly declines attendant on the issuance of cooling measures in 2018. The first quarter registered a drop of 0.7 percent for private home prices, following a drop of 0.1 percent in the fourth quarter of last year.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/singapores-former-budget-terminal-takes-flight\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Singapore\u2019s former budget terminal takes flight<\/strong><\/a><\/p>\n<p>In the second quarter of 2019, non-landed private home prices registered increases in the Core Central Region, where they were up 1.5 percent, Rest of Central Region (up 3 percent), and Outside Central Region (up 0.5 percent). For perspective, prices had been down 3 percent, 0.7 percent, and 0.2 percent in those regions, respectively, in the first quarter.<\/p>\n<p>Landed homes, on the other hand, saw their prices rise 0.2 percent in the second quarter, compared with a 1.1 percent rise in Q1 2019.<\/p>\n<p>The URA sourced flash estimates from transaction prices as reflected on stamp duty payments as well as data from developer sales until June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property curbs took a toll on the market toward the end of 2018<\/p>\n","protected":false},"author":8,"featured_media":20154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[166,110],"class_list":["post-3511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sg","tag-singapore","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Singapore home prices break from two quarters of decline | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/private-singapore-home-prices-break-from-two-quarters-of-decline\/\" \/>\n<meta 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