Singapore home prices fall with property market at standstill

-- Singapore home prices fell less than initially estimated in the first quarter, with an extended lockdown threatening to further push down values as the residential property comes to a standstill.

Housing prices fell 1% in the three months ended March 31, data from the Urban Redevelopment Authority released Friday showed. That compares to a preliminary estimate of a 1.2% decline. The city-state, which now has the most coronavirus cases in Southeast Asia, has seen infections surge past the 10,000 mark this week. The government has extended the lockdown, with most workplaces closed and schools shut, until June 1.That could hit property sales and prices even more in the coming months as buyers stay at home. Developers are likely to delay launching new projects while show rooms and display units remain closed.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Brent slumps to 1999 lows, stocks clamber higherAsian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

Oil prices recover ground after market turmoil fuels price plungeOil prices found some respite on Wednesday as U.S. oil futures rose more than 20per cent and Brent prices steadied after a two-day price plunge, ... I reiterate, oilandgas is here to stay for at least 2 decades more before renewable energy takes over! So stay invested! And, do believe in the most brilliant brains serving the industry
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »