bargain hunter
01-04-13, 10:47
The overall private residential property index rose 1.1 points from 212.0 points in Q42012 to 213.1 points in Q12013, the URA said Monday in releasing the flash estimate of the price index for private residential property for the first quarter of 2013.
The growth in the index moderated to 0.5 per cent, compared to the 1.8 per cent increase in the previous quarter.
Price increase of non-landed private residential properties slowed to 0.4 per cent in Core Central Region in Q12013, compared to the 0.7 per cent rise in the previous quarter.
There was no price growth in Rest of Central Region, compared to the 0.9 per cent increase in the previous quarter. For Outside Central Region, prices increased by 1.7 per cent Q12013, which was less than half the increase of 3.8 per cent 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 four weeks later when URA releases the full first quarter 2013 real estate statistics.
The growth in the index moderated to 0.5 per cent, compared to the 1.8 per cent increase in the previous quarter.
Price increase of non-landed private residential properties slowed to 0.4 per cent in Core Central Region in Q12013, compared to the 0.7 per cent rise in the previous quarter.
There was no price growth in Rest of Central Region, compared to the 0.9 per cent increase in the previous quarter. For Outside Central Region, prices increased by 1.7 per cent Q12013, which was less than half the increase of 3.8 per cent 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 four weeks later when URA releases the full first quarter 2013 real estate statistics.