GST refunds for processing fees paid on Development Applications and Lodgments. Click for more details.
Be wary of phishing or scam attempts. URA will NOT ask for sensitive personal information relating to your accounts, such as your Singpass ID/password or your banking ID/password. As a safeguard, all official SMSes sent by URA will not carry clickable links. Use our feedback form to report any suspicious SMSes supposedly from URA. Stay vigilant and safe! Learn how to spot these scams.
  1. Home
  2. Media Room
  3. Media Releases
  4. URA releases flash estimate of 3rd Quarter 2016 private residential property price index

URA releases flash estimate of 3rd Quarter 2016 private residential property price index

  Published: 03 October 2016

The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 3rd Quarter 2016 today.

Overall, the private residential property index fell 2.1 points from 140.0 points in 2nd Quarter 2016 to 137.9 points in 3rd Quarter 2016. This represents a decline of 1.5%, compared with the 0.4% decline in the previous quarter (see Annex A [PDF, 27kb] and Annex B [PDF, 29kb] ).

Prices of non-landed private residential properties declined by 1.8% in Core Central Region (CCR), compared to the 0.3% increase in the previous quarter. Prices in the Rest of Central Region (RCR) declined by 1.3%, after registering an increase of 0.2% in the previous quarter. Prices in Outside Central Region (OCR) declined by 1.2%, after registering a 0.5% decline in the previous quarter (see Annex C [PDF, 40kb]).

The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment, and data on units sold by developers (both licensed and de-licensed) up till mid-Sep 16. The statistics will be updated 4 weeks later when URA releases the full real estate statistics for 3rd Quarter 2016, which captures more data. 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.

Top