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SINGAPORE (Dec 16): CIMB expects the affordability of Singapore homes next year to be eroded on the back of higher mortgage rate as interest rates inch up further. And this erosion, coupled with incoming new inventory, will continue to be a drag on rental and price outlook, says the research house. “We expect private residential prices to continue declining by about 5% while volume sales remain about 8,000-9,000,” says lead analyst Lock Mun Yee in a Thursday report. Property stocks have already reacted negatively to the long-awaited US Fed interestRead More

Posted On September 12, 2012By BlackbeardIn Articles

Decline in property sales continues in 3Q2016

PETALING JAYA (Dec 7): The negative trend in the property sector continues as the third quarter of 2016 registered a decline of 8.45% and 6.34% drop quarter-on-quarter in volume and value respectively, according to National Property Information Centre (Napic) data for 3Q2016. A total of 76,456 properties were transacted averaging 25,485 properties a month, a decrease of 10.98% compared with the same period last year. On transacted value, the total dropped from RM32.88 billion in 2Q2016 to RM30.79 billion in 3Q2016. Compared with the same period last year, the totalRead More