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Monday, July 4, 2016

Singapore Housing Prices In Sharp Eleven Month Spiral

Private Home Prices On Downward Trend For 11 Consecutive Quarters


Prices of private homes in Singapore have fallen 11 quarters in a row, based on flash estimates released this morning by the Urban Redevelopment Authority (URA).
The overall decrease of 0.4% in the second quarter for 2016 (2Q16) was led by a 1.3% decline in landed property prices, and 0.7% drop in prices for non-landed private properties located in the Outside Central Region (OCR).
Prices of non-landed private residential properties in the Core Central Region (CCR) rose by 0.2% in 2Q16. This region includes areas in Districts 910 and 11Sentosa and Downtown Core Planning Area.
Prices of non-landed private homes in the Rest of Central Region (RCR) which include areas likeQueenstownBishanGeylang and Toa Payoh saw a rise of 0.3%.
The local private residential prices have posed the longest period of decline in almost two decades. Market sentiments on the overall residential property market outlook is expected to remain weak, given the existing property cooling measures and uncertain economic outlook.
More details on the housing data for 2Q16 will be updated by URA 4 weeks later.
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Brexit and the Transnational Triumph of Ignorance

partly an expression of nationalism that has become so strong a tendency in the politics of so many nations that it can be considered the prime defining characteristic of the current era. It also was an expression of xenophobia that is shaping much of the politics of the very European continent from which the Brexiteers want to separate themselves and has become a major part of the U.S. presidential campaign

The ‘Leave’ Camp Won. That Doesn’t Mean Brexit Will Happen.
Referendums aren’t binding. Just ask the Greeks, who voted to reject EU austerity measures and then saw their government cave anyway.



Elegy For the Arctic

Greenpeace has released a haunting video of renowned Italian pianist and composer Ludovico Einaudi performing before Norway's Wahlenbergbreen glacier, cracking and groaning even as he plays. 


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