Singapore Home Price Growth Slows, Rents Decline as Market Cools
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
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Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Oct 20, 2022
BNN Bloomberg
,Home prices fell for a fifth consecutive month in September, breaking the previous record set in August, according to the Teranet–National Bank National Composite House Price Index.
In a report released Thursday, it found that home prices fell 3.1 per cent in September, compared to a month ago.
This marked the largest monthly decline since the index was first started in 1999, and shattered the previous record decline of 2.4 per cent in August.
The report found that the largest price declines were in Victoria (down 5.9 per cent), followed by Vancouver (3.5 per cent) and Hamilton (2.1 per cent).
The largest monthly decreases all took place in Ontario, with Peterborough, Ont. (down 11.8 per cent), Windsor, Ont. (5.4 per cent) and Belleville (5.1 per cent).
The index posted an annual gain of six per cent in September. In September, year-over-year increases were posted in all 11 cities tracked by the index.