Private property prices up 0.8% in Q2

Urban Redevelopment Authority’s (URA) flash estimate of private residential property price index shows prices rising 0.8 per cent in second quarter of 2013.

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.

URA said prices of non-landed private residential properties in Core Central Region declined by 0.2 per cent in 2nd quarter 2013. In the previous quarter, it increased by 0.6 per cent.

Prices in Rest of Central Region saw the same 0.2 per cent rate of increase as the previous quarter.

For Outside Central Region, prices increased by 3 per cent in 2nd quarter 2013. It was 1.4 per cent in the previous quarter.

URA will release the full real estate figures for 2nd quarter 2013 in four weeks’ time.

Private Residential Property Price Index

Source – CNA – 3 Jul 2013

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