Singapore Private Property Prices Rose 17.6% In 2010

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Jan 3, 2011

Singapore private property prices rose 17.6% in 2010

PRIVATE property prices rose 17.6 per cent in 2010, according to Urban Redevelopment Authority (URA) estimates released on Monday.

Based on the estimated price index of private residential property, prices rose from 189.6 points in the third quarter of 2010 to 194.8 points in the fourth quarter of 2010, or 2.7 per cent in Q4 compared to 2.9 per cent the previous quarter.

The URA also released estimates in the price changes in three geographical regions for the fourth quarter. Prices of non-landed private properties rising 2.3 per cent in the Core Central Region, 1.7 per cent in the Rest of Central Region and 1.6 per cent in the Outside Central Region.

Prices in these three regions increased by 14.5 per cent as a whole in 2010.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter.

The URA added that they will release the updated full fourth quarter 2010 real estate statistics in four weeks, when more data on the caveats lodged and the take-up of new projects are captured.

[global_property 0]

This is indeed small percent to increase in the price of that property.