Singapore - Makazi Index

Private home prices in Singapore rose by 1.3 percent in the third quarter 2019, compared to the preliminary data of a 0.9 percent gain and after a 1.5 percent advance in the previous period. This marked the second straight quarter of growth in private home prices, as prices of landed property increased by 1 percent, following a 0.1 percent fall in the first quarter. Meanwhile, cost of of non-landed property slowed (1.3 percent vs 2 percent in Q2). Year-on-year, private home prices went up 2.1 percent.

Private home prices in Singapore rose by 0.9 percent in the three months ended in September 2019, slowing from a 1.5 percent growth in the previous period, a preliminary estimate showed. This was the second straight quarter of growth in private home prices, as cost of of non-landed property slowed (1.7 percent vs 2 percent in Q2). At the same time, prices of landed property fell much steeper (-2.2 percent vs -0.1 percent). Year-on-year, private home prices went up 1.7 percent.

Private home prices in Singapore were revised higher to 1.5 percent quarter-on-quarter in the three months ended in June 2019 from a preliminary estimate of 1.3 percent and rebounding from a 0.7 percent fall in the prior period, final data showed. Prices of non-landed properties rebounded strongly (2 percent vs -1.1 percent in Q1), supported by an upturn in both the Core Central Region/CCR (2.3 percent vs -3 percent) and Rest Central Region/RCR (3.5 percent vs -0.7 percent); and a faster increase in those in the Outside Central Region/OCR (0.4 percent vs 0.2 percent). Meantime, prices of landed property declined by 0.1 percent, shifting from a 1.1 percent advance in the prior quarter.

Private home prices in Singapore increased by 1.3 percent quarter-on-quarter in the second quarter of 2019, after a 0.7 percent decline in the previous period, a preliminary figure showed. It was the first quarterly increase in private home prices since the third quarter last year, amid government's efforts to impose additional property curbs. Prices of non-landed properties rose by 1.6 percent, reversing a 1.1 percent fall in the prior period. Among this category, prices rebound for both: Core Central Region/CCR (1.5 percent vs -3 percent in Q1) and Rest Central Region/RCR (3 percent vs -0.7 percent) while those of Outside Central Region/OCR rose faster (0.5 percent (vs 0.2 percent in Q1). Meantime, prices of landed property went up by 0.2 percent, easing from a 1.1 percent in the first quarter.

Private home prices in Singapore dropped by 0.7 percent quarter-on-quarter in the first quarter of 2019, compared to the preliminary figure of a 0.6 percent fall and after a 0.1 percent decline in the previous period. It was the second straight quarterly decrease in private home prices, amid government's efforts to impose additional property curbs. Prices of non-landed properties declined by 1.1 percent, reversing a 0.5 percent rise in the prior period. Among this category, prices fell for both Core Central Region/CCR (-3 percent vs -1 percent in Q4) and Rest Central Region/RCR (-0.7 percent vs 1.8 percent) while those of Outside Central Region/OCR rose by 0.2 percent (vs 0.7 percent in Q4). Meantime, prices of landed property increased by 1.1 percent, swinging from a 2 percent drop in the fourth quarter.

Private home prices in Singapore dropped by 0.6 percent quarter-on-quarter in the March quarter of 2019, after a 0.1 percent fall in the previous period, the preliminary estimates showed. It was the second straight quarterly decline in private home prices and marking the biggest decline since 2016, amid efforts from government to impose additional property curbs. Prices of non-landed properties decreased 1 percent, following a 0.5 percent rise in the prior period. Among this category, prices fell for both core central region (-2.9 percent vs -1.0 percent) and central region (-0.2 percent vs 1.8 percent) while those of outside central region were flat (vs 0.7 percent). Meantime, prices of landed property increased by 1.1 percent, following a 2 percent fall in the fourth quarter.