Singapore’s resale home prices continue rise

The prices of resale homes in Singapore rose again in October, showing a rise similar to September’s increase, according to the country’s newspaper Today.

Figures released by the Institute of Real Estate Studies at the National University of Singapore (NUS IRES), and as part of the Singapore Residential Price Index (SRPI), show that prices rose by 1% in October.

Experts at the institute believe that the government’s cooling measures have been short-lived on housing prices in the country.

However, they have ensured more stability in property prices.

Despite the new measures coming into force in October, the report stated that there has been no real fall in overall home prices in Singapore.

In regards to transactions, the sales of private resale homes did increase in the month, compared to September’s sales.

OPP is conducting a tour of Asia from 20-26th January 2013, which will include visits to Hong Kong, Kuala Lumpur, Malaysia, and Singapore.

The tour is ideal for international and local delegates, and is designed to educate agents on how to sell international property safely and profitably.

Source: www.opp-connect.com