Singapore private property prices rose 17.6% in 2010

[mr funny]

http://www.straitstimes.com/Breaking...ry_620120.html

Jan 3, 2011

Singapore private property prices rose 17.6% in 2010


PRIVATE property prices rose 17.6 per cent in 2010, according to Urban Redevelopment Authority (URA) estimates released on Monday.

Based on the estimated price index of private residential property, prices rose from 189.6 points in the third quarter of 2010 to 194.8 points in the fourth quarter of 2010, or 2.7 per cent in Q4 compared to 2.9 per cent the previous quarter.

The URA also released estimates in the price changes in three geographical regions for the fourth quarter. Prices of non-landed private properties rising 2.3 per cent in the Core Central Region, 1.7 per cent in the Rest of Central Region and 1.6 per cent in the Outside Central Region.

Prices in these three regions increased by 14.5 per cent as a whole in 2010.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter.

The URA added that they will release the updated full fourth quarter 2010 real estate statistics in four weeks, when more data on the caveats lodged and the take-up of new projects are captured.

[Wild Falcon]

Does anyone know if EC is included in the index? Q4'2010 has so many EC launches Canopy, Esparina etc (600+psf type) which may have dragged down the index. The actual % growth for "pure" private properties could have been higher, excluding those EC with restrictions on income and MOP. Hmm... maybe some window dressing here.

[kingkong1984]

All caveat deals captured. Caveat junk, output junk.

[hopeful]

All caveat deals captured. Caveat junk, output junk.

How to be caveat junk? URA is aware of double lodging of caveats in another thread and they filter it out accordingly.

[Wild Falcon]

What I'm trying to say if all EC launches are included, then it is no wonder the OCR increases would be lower in Q4'2010 because there're so many EC launches in Q4'2010 which are all in OCR. This is a good thing. As long as there are ECs to artificially bring down the OCR index, then maybe no more cooling measure liao (even though OCR "pure" private properties might be still increasing significantly.)