Urban Redevelopment Authority, Private Home Price İndex, Singapore Private Residential, Singapore Property

Urban Redevelopment Authority, Private Home Price İndex

Singapore private home prices fall 1.2% q-o-q in Q1 2020: URA flash estimate

Singapore private home prices fall 1.2% q-o-q in Q1 2020: URA flash estimate

1/4/2020 4:32:00 AM

Singapore private home prices fall 1.2% q-o-q in Q1 2020: URA flash estimate

THE Urban Redevelopment Authority (URA) flash estimate for the first quarter of 2020 shows that its overall price index for private homes shrank 1.2 per cent over the preceding quarter. Read more at The Business Times.

In the city fringe or rest of central region, prices shed 0.5 per cent after dropping 1.3 per cent in the previous quarter.In the suburbs or outside central region, prices fell 1 per cent, contrasting with the increase of 2.8 per cent in the previous quarter.

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The URA also said that prices of landed properties fell 1.7 per cent in the first quarter of this year, after rising 3.6 per cent in the fourth quarter of last year.The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on units sold by developers up till mid-March.

The statistics will be updated on April 24, 2020 when the URA releases its full set of real estate statistics for Q1 2020. Read more: The Business Times »

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