2010 4Q Update: Residential Property Price (Singapore)
This 2010 4Q update residential property price is obtained from Urban Renewal Authority (URA) of Singapore that was released on 28 January 2010.
Here is the portion about 2010 4Q update residential property price.
2010 4Q Update: Residential Property Price
Overall prices of private residential properties increased by 2.7% in 4th Quarter 2010, compared with the 2.9% increase in the previous quarter. For the whole of 2010, prices had increased by 17.6%, compared with the 1.8% rise in 2009.
Prices of non-landed properties increased by 1.8% in 4th Quarter 2010, compared with the 1.6% increase in the previous quarter. For the year 2010 as a whole, prices of non-landed properties increased by 14.0%. Prices of apartments increased by 2.4%, while prices of condominiums increased by 1.6% in 4th Quarter 2010.
Prices of non-landed properties in Core Central Region2 (CCR) increased by 2.2% in 4th Quarter 2010, and prices of non-landed properties in Rest of Central Region3 (RCR) and Outside Central Region (OCR) increased by 1.9% and 2.1% respectively (see Annex A-2).
Prices of landed properties increased by 5.5% in 4th Quarter 2010, compared with 7.7% in the previous quarter. Prices of detached, semi-detached and terrace houses increased by 8.5%, 3.1% and 3.7% respectively in 4th Quarter 2010.
The prices of private residential properties are not uniform and vary from project to project. Home-buyers can view the data on individual uncompleted private residential projects.
Besides the data on developers’ sale of uncompleted units, home-buyers can also access information on all private residential property transactions on URA’s website. This database, which is based on caveats lodged with the Singapore Land Authority (SLA), contains comprehensive information on the prices and floor areas of the units transacted.
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