Home prices cool in Q3

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#1
Geeez, prices didn't fall! They just rose more SLOWLY..... Confused

Oct 1, 2010
Home prices cool in Q3


Private home prices rose at a slower pace of 3.1 per cent in the third quarter from 5.3 per cent in Q2. -- ST PHOTO: ALPHONSUS CHERN

GOVERNMENT measures to cool the red-hot property market have slowed prices for both private and Housing Board homes.

Private home prices rose at a slower pace of 3.1 per cent in the third quarter from 5.3 per cent in Q2, while HDB resale flat prices crept up by 4 per cent, from the previous quarter's 4.1 per cent, according to flash estimates released by the Urban Redevelopment Authority and HDB on Friday.

The anti-speculation measures and more cautious market sentiments over an expected economic slowdown in the second half year have put a dampener on HDB resale transactions, which fell by 10 per cent, or 8,200 units, from the earlier quarter.

On the private residential front, prices of non-landed homes in all three regions - Core Central, Rest of Cental and Outside Central - rose at a much slower pace than the second quarter, registering increases of 1.6 per cent, 2.4 per cent and 2.4 per cent respetively.

The prices climbed 5.4 per cent, 4.6 per cent and 5.7 per cent respectively in the second quarter.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, supplemented by information on the number of new units sold.

The statistics will be updated four weeks later when URA releases the full third quarter data.

URA said it will continue to release relevant property market information in a timely manner to allow the public to make informed decisions.

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#1
Geeez, prices didn't fall! They just rose more SLOWLY..... Confused

Oct 1, 2010
Home prices cool in Q3


Private home prices rose at a slower pace of 3.1 per cent in the third quarter from 5.3 per cent in Q2. -- ST PHOTO: ALPHONSUS CHERN

GOVERNMENT measures to cool the red-hot property market have slowed prices for both private and Housing Board homes.

Private home prices rose at a slower pace of 3.1 per cent in the third quarter from 5.3 per cent in Q2, while HDB resale flat prices crept up by 4 per cent, from the previous quarter's 4.1 per cent, according to flash estimates released by the Urban Redevelopment Authority and HDB on Friday.

The anti-speculation measures and more cautious market sentiments over an expected economic slowdown in the second half year have put a dampener on HDB resale transactions, which fell by 10 per cent, or 8,200 units, from the earlier quarter.

On the private residential front, prices of non-landed homes in all three regions - Core Central, Rest of Cental and Outside Central - rose at a much slower pace than the second quarter, registering increases of 1.6 per cent, 2.4 per cent and 2.4 per cent respetively.

The prices climbed 5.4 per cent, 4.6 per cent and 5.7 per cent respectively in the second quarter.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, supplemented by information on the number of new units sold.

The statistics will be updated four weeks later when URA releases the full third quarter data.

URA said it will continue to release relevant property market information in a timely manner to allow the public to make informed decisions.

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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