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 2nd Quarter 2018 private residential property price index

URA releases flash estimate of 2nd Quarter 2018 private residential property price index

  Published: 02 July 2018

The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 2nd Quarter 2018 today.

Overall, the private residential property index increased 4.9 points from 144.1 points in 1st Quarter 2018 to 149.0 points in 2nd Quarter 2018. This represents an increase of 3.4%, compared to the 3.9% increase in the previous quarter (see Annex A [PDF, 13kb] and Annex B [PDF, 12kb]). 

Prices of non-landed private residential properties increased by 1.4% in Core Central Region (CCR), compared to the 5.5% increase in the previous quarter. Prices in the Rest of Central Region (RCR) increased by 5.7%, after registering an increase of 1.2% in the previous quarter. Prices in Outside Central Region (OCR) increased by 2.9%, after registering a 5.6% increase in the previous quarter (see Annex C [PDF, 12kb]). 

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-June. The statistics will be updated on 27 July 2018 when URA releases its full set of real estate statistics for 2nd Quarter 2018. 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