新加坡第三季私宅价格比第二季上涨0.6%

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Singapore 3Q Private-Home Prices +0.6% on Quarter Vs +0.4% in 2Q

By Chun Han Wong

SINGAPORE--Prices of private homes in Singapore rose to a new record in the third quarter at a faster pace than initially estimated, government data showed Monday, helped by strong demand for homes in the city-state's suburban areas.

Final data released by the Urban Redevelopment Authority showed private residential prices rose 0.6% in the July-September quarter from the previous quarter. Home prices had swung higher in the second quarter, rising 0.4% after easing 0.1% in the January-March period.

The rise lifts the authority's property price index to 208.2 points for the three months ended Sept. 30, about 56% higher compared to 133.3 points in the second quarter of 2009, the market's most recent cyclical trough. The index's previous peak before the latest run-up in prices was 181.4 in the second quarter of 1996.

Monday's data also showed the overall price increase for the third quarter was faster than the 0.5% on-quarter rise that was initially estimated earlier this month.

Prices of non-landed private residential properties in the core central region rose by a revised 0.1% in the third quarter, slower than the initial estimate of a 0.2% increase. These prices had risen 0.6% in the second quarter.
Prices in the rest of the central region, however, rose faster than initially estimated, rising 0.8% in the July-September period compared to a 0.7% increase projected earlier. In the second quarter, prices in this area had risen 0.4% on quarter.

As for private properties outside the central region, prices rose 1.0% in the third quarter, level with earlier estimates and faster than the 0.5% rise in the second quarter.

Growth in housing prices has been accompanied by strong sales volumes, with monthly new private-home sales hitting three-year highs earlier this year. Private developers have sold 18,248 new apartments from January to September, surpassing the previous yearly sales record of 16,369 notched in 2011.

Regulators in Singapore have had to deal with home prices that have continued surging to fresh highs with almost no interruption since the global financial crisis, despite repeated government steps to cool the market. Analysts have attributed the price rises to macroeconomic tailwinds, including record-low interest rates, low unemployment and immigration-driven growth in the population.

Singapore's central bank this month imposed tighter rules on new home loans in a bid to curb rising property prices, citing concerns that recent economic stimulus steps by the world's major central banks could fuel an asset-price bubble here.

This month's tightening of home-loan rules was the government's sixth comprehensive set of market-cooling measures since September 2009.

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再涨0.6%,何时休？