, Singapore

Chart of the Day: 1Q15 private home price slides on back of sales dearth

Discounts were offered for ongoing projects.

The sales front has been mute for a while, but developers have started offering price slashes for oingoing projects to boost selling.

According to a report by CBRE, URA’s initial estimates showed that the Q1 2015 private residential price index declined by 1.1% q-o-q, on the back of these discounts.

CBRE says that the rental index is likely to decline in tandem due to stiff competition from new completions.

Cautious sentiments prevailed in the residential market in Q1 2015 as the SIBOR rose to 1.01% at end-March, a level unseen since December 2008. This impending rise in mortgage interest rates depressed buying sentiments further.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!