Saturday, January 26, 2013

Private home sales & price growth fall in 2012
Jan 25, 2013

Prices of private homes in Singapore increased by 1.8 percent in the fourth quarter of 2012, compared to just 0.6 percent in Q3 2012. For the entire year, private home prices grew by 2.8 percent, compared with an uptick of 5.9 percent in 2011. These latest figures were announced by the Urban Redevelopment Authority (URA) today.

Prices of non-landed properties in the Core Central Region (CCR) rose by 0.7 percent in Q4 compared with just 0.1 percent in Q3. Prices in the Rest of Central Region (RCR) went up by 0.9 percent, compared to the 0.8 percent increase previously. For the Outside Central Region (OCR), prices moved up by 3.8 percent in Q4, compared to 1.0 percent growth in Q3.

The volume of resale transactions declined slightly from 3,709 units in Q3 to 3,058 units in Q4. Overall, 12,811 resale transactions took place in 2012, compared with 14,046 resale transactions reported in 2011.

Sub-sales accounted for 6.6 percent of all transactions in Q4, slightly higher than the 6.3 percent recorded in Q3.

Meanwhile, private housing rentals went up by 0.7 percent in Q4, compared with 0.9 percent in the previous quarter. For the entire year, rentals of private homes increased by 2.1 percent, compared with the 3.8 percent increase seen the year before.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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