URA flash estimates: In Q2, Singapore private home prices up 3.4%.
Flash estimates from the Urban Redevelopment Authority (URA) showed that: Private home prices rose 3.4 per cent in the second quarter, catching up with the 3.9 per cent increase in the first quarter.
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).
Adapted from TheBusinessTimes, Jul 02, 2018