Now which is more accurate?
While SPRI Feb figures (only resale data is collected) indicates a sharp fall for Outside Central. URA index is the exact opposite, showing strong growth for OCR.
Is there a good explaination for the discrepencies? Which index should you believe?
Could it be URA index takes in new launches the index is hence pushed upward as developers launches their suburban projects higher and higher while resale remain sluggish?
And what happen to CCR? SPRI show good figures for Jan and Feb but URA is only 0.9%. Is it CCR new launches are fewer and priced moderately?
What does this tell us?