Tag Archives: private property

I refer to the article “Private home prices rise 0.5% in Q3, ending nearly four years of decline: URA flash data” (Straits Times, Oct 2). It states that “Private property prices have officially turned a corner, ending 15 quarters of decline that began in October 2013. If you look at the above chart – you can see that the URA Private Residential Property Price Index only grew by about 5.5 per cent in the last 21 years or so, or just about an annualised return of only 0.25 per cent.

Want to use AirBnB and Roomorama to rent out your private property? Private property owners will not be able to offer their places for short term rentals any longer, according to a new legislation passed into law yesterday in parliament.

The head of the Monetary Authority of Singapore on Saturday (May 24) said the property cooling measures in place over the past few years were introduced in a “highly unusual situation”, and are unlikely to stay in place when more normal conditions return. The moves, which MAS Managing Director Ravi Menon described as “macroprudential measures”, have largely succeeded in keeping prices stable and moderating risk-taking.

Singapore’s fourth-quarter home prices slid for the first time in almost two years, trimming annual gains to the smallest since 2008 as mortgage curbs cooled prices in the Southeast Asian city. The private residential property price index fell 0.9% in the three months ended December, more than the 0.8% drop based on preliminary data announced on Jan. 2. The decline in suburban housing values was 1%, more than the 0.6% slide in the earlier report, according to a government statement today.