URA 3Q 2016 Stats

This is a Insights sent by New Launch Guru on 28 Oct 2016. Re-posted.

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PRIVATE RESIDENTIAL PROPERTIES

Prices of private residential properties decreased by 1.5% in 3rd quarter 2016, compared to the 0.4% decline in the previous quarter.

Prices of non-landed properties in Core Central Region (CCR) decreased by 1.9%, compared to the 0.3% increase in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) and Outside Central Region (OCR) both decreased by 1.0%, compared with the 0.2% increase in RCR and 0.5% decrease in OCR in the previous quarter

Rentals of private residential properties fell 1.2%, compared to the 0.6% decline in the previous quarter.

Developers launched 1,609 uncompleted private residential units (excluding ECs) for sale in 3rd quarter 2016, and 1,981 units were sold.

There were 2,477 resale transactions in 3rd quarter 2016, 53% y-o-y increase, compared to the 1,619 units transacted in the same period last year.

The vacancy rate of completed private residential units (excluding ECs) decreased to 8.7% at the end of 3rd quarter 2016, from 8.9% at the end of the previous quarter.

OFFICE SPACE

Prices of office space decreased by 0.4% in 3rd quarter 2016, compared to the 1.5% decline in the previous quarter.

Rentals of office space fell by 1.1% in 3rd quarter 2016, compared to the decline of 3.5% in the previous quarter.

RETAIL SPACE

Prices of retail space decreased by 0.6% in 3rd quarter 2016, compared to the decrease of 3.1% in the previous quarter.

Rentals of retail space decreased by 1.5% in 3rd quarter 2016, compared to the decrease of 3.9% in the previous quarter.

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