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Private home prices continue to recover, but watch out for falling rents, rising supply

Property

Private home prices continue to recover, but watch out for falling rents, rising supply

Stanislaus Jude Chan Published on Fri, Jan 26, 2018 / 12:44 PM GMT+8

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SINGAPORE (Jan 26): Prices of private residential property in Singapore is keeping up its recovery even as rental rates continue to decline, according to real estate statistics for 4Q17 released today by the Urban Redevelopment Authority (URA).

Private home prices increased by 0.8% in 4Q17, keeping pace with the 0.7% increase in the previous quarter.

For the full year in 2017, prices of private homes increased by 1.1%, compared to a 3.1% decline a year ago.

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