Home Prices in Singapore Continue to Slump, Momentum Glance at Investors
Prices of private homes in Singapore in 2016 have plummeted by 3%. This is expected to occur again in 2017 with the same percentage range as 2016. So that the opportunity for you to invest in luxury condos there such as Ola EC
The Urban Redevelopment Authority (URA) noted the fourth quarter of 2016 the decline in prices of private homes in Singapore fell for the 13th time in a row. With a quarterly forecast falling by 0.4% to the end the annual total decline of 3%.
Chief Executive Officer (CEO) of PropNex Realty Ismail Gafoor said that the price reduction will attract investors. However, on the other hand, the downturn also reflects the sentiment that the market is currently sluggish, thus impacting measures to defuse the turbulent property market (especially prices). For 13 consecutive quarters, the price of private homes has plummeted and 2016 is the lowest price since 2014. So switch from now on your funds for investment in Anchorvale Crescent EC
“The price of personal property has reached a market stabilization point and is seen from the performance of various regions. It has been noted that prices have become quite attractive for investors, especially in the Central Central Regions (CCR). Prices in CCR have reached 0.0% growth in the fourth quarter of 2016, and 2016 Private Property Price Index with the lowest decline in the last three years, so the signal of market confidence is greater than more buyers entering the market, “he said as quoted from the opp.today page, visit Anchorvale EC
Meanwhile, the house with a fairly cheap price with the product and location will be the most coveted factors for home buyers. The housing market seems to be continuing to decline in price, but there is a possibility that demand will rise due to various factors, ranging from Total Debt Servicing Ratio (TDSR) and Additional Buyers Stamp Duty (ABSD) together to control the rise in home-buying activity. Buyers are now smarter and start investing in private homes.
“Prices are currently attracting investor interest in 2016 and we predict that the volume of transactions in the private housing segment at the end of 2016 will be around 16,000 units, an increase of 13% from 2015. Despite the uncertain economic outlook and predicted interest rates will rise, we expect prices to tend to be stable in 2017 with the possibility of negative growth of no more than 3%, “he explained.