Tuesday, January 1, 2013

Singapore private property and HDB's resale prices up in Q4 2012

Urban Redevelopment Authority (URA) and Housing Development Board (HDB) have released flash estimates for Q3 2012 price indexes for Singapore private residential property and HDB resale flats.

Singapore residential property prices increase has accelerated to 1.8% q-o-q

According to URA flash estimates for 4th quarter 2012, which are released today, The overall private residential property index rose from 208.2 points in 3rd Quarter 2012 to 211.9 points in 4th Quarter 2012. This translates into an increase of 1.8%, compared to the 0.6% increase in the previous quarter. For the year 2012 as a whole, prices of private residential properties increased by about 2.8% (based on preliminary 4Q2012 flash estimate), lower than the 5.9% increase in 2011.
Prices of non-landed private residential properties increased by 0.8% in Core Central Region in 4th Quarter 2012, compared to an increase of 0.1% in the previous quarter. Prices in Rest of Central Region increased by 0.9%, compared to the 0.8% increase in the previous quarter. For Outside Central Region, prices increased by 3.4% in 4th Quarter 2012, compared to an increase of 1.0% in the previous quarter
Source : URA releases flash 4th quarter 2012 private residential property price index
URA’s flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter. The actual quarter statistics will be updated four weeks later.

HDB resale price index jumped 2.5% in the last quarter

Well you can call it a jump indeed: According to HDB’s flash estimate of the 4th Quarter 2012, HDB Resale Price Index jumped to 202.9, a 2.5% increase over 3rd Quarter 2012. This is on the top of 2% quarter-on-quarter jump in Q3 2014. The increase to 202.9 in Q4 2012 also points to a 6.56% year-on-year increase compare to last year Q4, when index was at 190.4. (Flash Estimate of 4th Quarter 2012 Resale Price Index)

See also Will property prices go up or down in 2013?

No comments:

Post a Comment