Private home prices climbed 1.3% in Q2: URA estimates

Submitted By:  Nathanielle Punay Case Study:  No The quarterly gains is thanks to the take-up in new property launches. The private residential property price index in Q2 rose 1.3% to 150.5 points from 148.6 points in the previous quarter, according to the Urban Redevelopment Authority’s (URA) flash estimates. The quarterly gains represents a slight recovery from the 0.7% decline in the previous quarter. According to Desmond Sim, head of research for Southeast Asia at CBRE, the boost can be attributed to new property launches that met decent take-up. read more