Singapore's private home price index jumped 0.8%

See which regions showed price increase.

In a release, the Urban Redevelopment Authority (URA) announced the flash estimate of the price index for private residential property for 2nd Quarter 2013 today.

Overall, the private residential property index rose 1.7 points from 213.2 points in 1st Quarter 2013 to 214.9 points in 2nd Quarter 2013. This represents a moderate increase of 0.8%, compared to 0.6% in the previous quarter

Prices of non-landed private residential properties in Core Central Region (CCR) declined by 0.2% in 2nd Quarter 2013, compared to the 0.6% increase in the previous quarter. Prices in Rest of Central Region (RCR) saw the same 0.2% rate of increase as the previous quarter. For Outside Central Region (OCR), prices increased by 3.0% in 2nd Quarter 2013, compared to 1.4% in the previous quarter.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter, supplemented by information on new units sold by developers in the first two months of the quarter.

The statistics will be updated 4 weeks later when URA releases the full real estate statistics for 2nd Quarter 2013, which captures more data on the caveats lodged and the take-up of new projects.

Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit