Chart of the Day: Singapore's private home prices up 3.9% in Q1

The prices of private condos led the growth at 4.4%.

This chart from the Urban Redevelopment Authority (URA) shows that the prices of private residential properties islandwide increased by 3.9% in the first quarter of 2018, compared with the 0.8% increase in the previous quarter.

The prices of landed homes rose by 1.9%, compared with the 0.5% increase in the previous quarter. The prices of private condominiums rose by 4.4%, compared with the 0.8% increase last quarter.

URA added that the prices of private condos in Core Central Region (CCR) increased by 5.5%, significantly higher than the 1.4% increase in the previous quarter.

The prices in Rest of Central Region (RCR) grew by 1.2%, compared with the 0.4% increase in the previous quarter.

The prices of private condos in Outside Central Region (OCR) also grew by 5.6%, compared with the 0.8% increase last quarter.