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Thread: S'pore pte residential index up 0.8% in Q3: URA flash estimate

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    Default S'pore pte residential index up 0.8% in Q3: URA flash estimate

    http://www.businesstimes.com.sg/brea...imate-20131001

    Published October 01, 2013

    S'pore pte residential index up 0.8% in Q3: URA flash estimate

    By Angela Tan [email protected]


    SINGAPORE'S private residential property index rose 0.8 points to 216.2 points in the third quarter compared to 215.4 points in the second quarter 2013, according to the Urban Redevelopment Authority (URA) flash estimate.

    This is a moderate increase of 0.4 per cent compared to the one per cent increase in the previous quarter.

    Prices of non-landed private residential properties in both Core Central Region and Rest of Central Region declined in 3rd Quarter 2013.

    In Core Central Region, prices fell 0.5%, more than the 0.2% decline in the previous quarter.

    Prices in Rest of Central Region decreased for the first time since 1st Quarter 2012, by 1.1%, compared with the 0.2% increase in the previous quarter.

    In Outside Central Region, prices increased by 2.1% in 3rd Quarter 2013, which is lower than the 3.8% increase 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 survey data on new units sold by developers in the first two months of the quarter.

  2. #2
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    UPDATE:

    http://www.channelnewsasia.com/news/...al/860958.html



    SINGAPORE: Prices of private residential properties in Singapore increased by 0.4 percent in the third quarter of 2013, unchanged from the flash estimate.

    This is lower than the price increase of 1 percent recorded in the previous quarter.

    According to latest data from the Urban Redevelopment Authority (URA), prices of non-landed homes in the core central region fell by 0.3 percent, after a 0.2-percent decrease in Q2.

    Prices of homes in the city fringe or rest of central region declined 0.9 percent in Q3 - the first decrease for the region since the first quarter of 2012.

    Meanwhile, prices of non-landed homes in the suburban areas rose at a slower pace of 2.2 percent, compared to the 3.8 percent increase in Q2.

    URA added that rentals of private residential properties increased by 0.2 percent in Q3, lower than the 0.3-percent increase in the previous quarter
    A bag full of tricks !

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