Skip to main content

Resale prices of shoebox flats fall as investors turn cautious

2012 aug 1
http://www.straitstimes.com/breaking-news/singapore/story/resale-prices-shoebox-flats-fall-investors-turn-cautious

By Esther Teo

Resale prices of tiny apartments dipped last month, with the once red-hot segment seeming to fall out of favour.

Prices of resale flats of 506 sq ft or less fell by 1.4 per cent in June compared with the month before, according to preliminary figures in the Singapore Residential Price Index yesterday.

Values in May rose 0.7 per cent over April.

Overall resale prices held steady last month compared with a 1.4 per cent increase from April to May. Prices of centrally located homes eased 0.9 per cent while that of non-central homes increased 0.7 per cent.

Comments

Popular posts from this blog

BBFA Singles Property DIY B.A.N.T.E.R Guide

BBFA Singles Property DIY B.A.N.T.E.R Guide   The BBFA (Bold Beautiful Forever Awesome) singles property DIY B.A.N.T.E.R guide is written for us fabulous ones who prefer a hands-on approach to a sustainable life. In our world today, resources are depleting and wastage is sinful. In creating this guide, our principle is simple:   - If I can do it, don't get someone else to do it. - If someone has already done a decent job, don't waste or duplicate the effort. - If there is no real value creation, don't do it. Disclaimers: *All facts and figures are accurate as at time of writing (19 September 2024). *All screenshot graphics and tables are copyright of their original authors.   1. B UDGET Before all else, check your finances and derive a budget for your property. Ballpark is fine provided you have buffer savings or accounts in Bank Of Ahpa-ahma. Downpayment 25% (HDB flat taking HDB loan) can use CPF 25% (HDB flat/private property on bank loan) of which 5...