The Urban Redevelopment Authority (URA)’s price index for private homes jumped 15.9 per cent in the third quarter of 2009 compared with the preceding quarter, according to a flash estimate released on Thursday.
This follows a 4.7 per cent quarter-on-quarter decline in the widely watched index in Q2.
URA also released flash estimates of the price changes in the three geographical regions for third quarter 2009. Prices of non-landed private residential properties increased by 16.2 per cent quarter on quarter in the Core Central Region, 19.1 per cent in Rest of Central Region and 15.4 per cent in Outside Central Region in Q3.
In contrast, for Q2 2009, the price indices for non-landed private homes dipped 5.2 per cent in Core Central Region, 4.4 per cent in Rest of Central Region and 2.3 per cent in Outside Central Region.
Source: Business Times, 1 Oct 2009
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