01 Apr '13, 2am

Private property prices rose less in Q12013: URA

The overall private residential property index rose 1.1 points from 212.0 points in Q42012 to 213.1 points in Q12013, the URA said Monday in releasing the flash estimate of the price index for private residential property for the first quarter of 2013. The growth in the index moderated to 0.5 per cent, compared to the 1.8 per cent increase in the previous quarter. Price increase of non-landed private residential properties slowed to 0.4 per cent in Core Central Region in Q12013, compared to the 0.7 per cent rise in the previous quarter. There was no price growth in Rest of Central Region, compared to the 0.9 per cent increase in the previous quarter. For Outside Central Region, prices increased by 1.7 per cent Q12013, which was less than half the increase of 3.8 per cent in the previous quarter. The flash estimates are compiled based on transaction prices given in caveats ...

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