Prices of private homes in Singapore jumped 1%

Prices of those in OCR also climbed 3.8%.

According to a release by the Urban Redevelopment Authority, prices of private residential properties increased by 1.0% in 2nd Quarter 2013, compared with the 0.6% price growth recorded in 1st Quarter 2013.

Prices of non-landed properties in the Core Central Region (CCR) declined by 0.2%, compared with the 0.6% increase in the previous quarter. In the Rest of Central Region (RCR), prices increased by 0.2%, which is the same rate of increase as in the previous quarter.

Prices in the Outside Central Region (OCR) increased by 3.8%, compared with 1.4% in the previous quarter.

Rentals of private residential properties increased by 0.3% in 2nd Quarter 2013, which is significantly lower than the 0.8% increase in 1st Quarter 2013.