1/3/2018 8:33:59 AM
|written By : Team India Se|
Private property prices increased by 1 per cent in Singapore in 2017 after a 3.1 per cent decline in 2016. This was announced by the Urban Redevelopment Authority (URA) on January 2 when it released the flash estimate of the price index for private residential property for the fourth quarter of 2017.
This was the first annual increase in Singapore private property prices in four years, reported Today.
Overall, the private residential property index increased 1 point from 137.6 points in the third quarter of 2017 to 138.6 points in the fourth quarter of 2017. This represents an increase of 0.7 per cent, same as the 0.7 per cent increase in the previous quarter, said the URA.
The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on units sold by developers up till mid-December.