Serious Private property prices keep dropping due to weak economy, job losses, huat ah!

EnBloc said:

Published: 9:22 AM, October 28, 2016
Updated: 9:53 AM, October 28, 2016

SINGAPORE — The prices of private residential properties fell 1.5 per cent in the third quarter (Q3) of this year, a steeper decline than that of last quarter's 0.4 percent, said the Urban Redevelopment Authority in its release of its real estate statistics on Friday (Oct 28).

This is also the 12th consecutive decline in private property prices since Q3 of 2013. The rental market also continues to be weak, with rental of private residential properties falling 1.2 per cent in Q3, compared to the 0.6 per cent decline in the previous quarter.

Meanwhile, prices of landed properties slid 2.7 per cent in Q3, compared to a 1.5 per cent decline in the previous quarter. Non-landed property prices decreased by 1.2 per cent, compared to the 0.1 per cent decline in the previous quarter.

http://www.todayonline.com/business/private-property-price-index-down-q3-ura

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The_Hypocrite said:

So buy HDB is better..as it no drop..go up some more

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Bonut said:

If you live in a HDB flat that is near MRT station and a SSC built Sports Recreation Complex, then there is no reason to move to a private condo. The SRCs around the island are built to a pretty high standard, if only we could stop the Ah Nehs from dipping into the pool and showing their armpits in the gym. Then again, my point is you don't have to pay for something that you hardly use - swimming pool and gym. In any case, no condo can give you Olympic size pool. And if you don't have a car and you don't need a parking lot, then you should not be paying for somebody else's parking in a condo.

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Bonut said:

If you live in a HDB flat that is near MRT station and a SSC built Sports Recreation Complex, then there is no reason to move to a private condo. The SRCs around the island are built to a pretty high standard, if only we could stop the Ah Nehs from dipping into the pool and showing their armpits in the gym. Then again, my point is you don't have to pay for something that you hardly use - swimming pool and gym. In any case, no condo can give you Olympic size pool. And if you don't have a car and you don't need a parking lot, then you should not be paying for somebody else's parking in a condo.

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myfoot123 said:

Staying in HDB is better than condo. You pay what you use. In condo, you pay even if you don't use the facilities.

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