SINGAPORE: The Urban Redevelopment Authority (URA) announced flash estimates on Thursday showing that private property prices in Singapore grew 0.9 percent in the second quarter compared to the previous three months (Jul 1). Prices rose at a slower pace in the second quarter after reaching a two-and-a-half-year high in the first quarter, when they rose by 3.3 percent.
Non-landed private dwellings prices in the Outside Central Region (OCR) climbed the greatest, by 1.8 percent, compared to 1.1 percent in the previous quarter.
The Core Central Region (CCR) saw a 0.6 percent increase in prices, compared to a 0.5 percent increase in the first quarter.
Prices in the Rest of Central Region (RCR) increased by 0.3 percent, down from 6.1 percent the previous quarter.
READ: Second-quarter HDB resale prices up 2.8 percent: Estimates in a hurry
The flash estimates are based on transaction prices provided in contracts submitted for stamp duty payment, as well as statistics on units sold by developers up until the middle of June. URA will update the statistics on July 23.
CNA/cy is the source of this information./n
