property price index continues to soften, albeit at a slower pace year-on-year.
On a quarter-on-quarter basis, while the latest flash estimates has possibly
indicated that the trough is approaching – with the price index of non-landed
homes in the CCR unchanged this past quarter – it takes more than two data
points to form a trend.
continuous pressure on prices across the board, with ABSD to be levied on some
projects with unsold units starting this year. However, that impact will also
be minimal given the resilience of the market. Private home prices will be
supported by higher land costs, shrinking unsold stock and the still-healthy balance
sheets of developers. That said, a challenge to the market this year is the
potential rise in interest rates, which could cause a drag on secondary market prices.
an overall 0 per cent to 2 per cent price drop this year, lower than the 3 per
cent price fall in 2016."
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.