URA flash estimates: In Q2, Singapore private home prices up 3.4%

There is an increase quarterly on the price of land homes and non-landed homes. Particularly, in the second quarter, about 3.8 per cent rise in the prices of landed homes, followed by a 3.3 per cent increase for non-landed homes. During the second quarter, prices in the city-fringe or Rest of Central Region (RCR) jumped the most - by 5.7 per cent followed by a 2.9 per cent rise in the suburban or Outside Central Region (OCR), and a 1.4 per cent increase in the Core Central Region (CCR), in the non-landed segment.

Non-landed home prices in the CCR, RCR and OCR had risen by 5.5 per cent, 1.2 per cent and 5.6 per cent, respectively, in the preceding quarter (Q1).