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Private home prices in Singapore rose to highest in four years

Singapore's private home prices increased 3.4 percent between April and June 2018, arriving at its highest figure in four years. 

The increase was preceded by a 3.9 percent growth in the previous quarter. 

Based on data from the Urban Redevelopment Authority (URA), the overall private residential property index increased 4.9 points from 144.1 points in the first quarter to 149 points in the second quarter.

This is the highest since the 149.7 points index during the second quarter of 2014, according to a report by Todayonline.

Photo: Connected to India
Photo: Connected to India

The prices of non-landed private residential properties in the Rest of Central Region (RCR) increased the most – by 5.7 percent in the second quarter. This was compared to 1.2 percent in the previous quarter.  

In the Core Central Region (CCR) and the Outside Central Region (OCR), however, price increases slowed during the same period. 

Prices in CCR increased 1.4 percent, compared to 5.5 percent in the previous quarter. Meanwhile, prices in OCR rose 2.9 percent, following a 5.6 percent gain between January and March.

CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.