URA releases flash 2nd Quarter 2013 private residential property price index

[dtrax]

No wonder Kenobi-wan chua sai and someone gotta wipe that up!

1 July 2013
URA releases flash 2nd Quarter 2013 private residential property price index
The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 2nd Quarter 2013 today.
Overall, the private residential property index rose 1.7 points from 213.2 points in 1st Quarter 2013 to 214.9 points in 2nd Quarter 2013. This represents a moderate increase of 0.8%, compared to 0.6% in the previous quarter (see Annex A).
Prices of non-landed private residential properties in Core Central Region declined by 0.2% in 2nd Quarter 2013, compared to the 0.6% increase in the previous quarter. Prices in Rest of Central Region saw the same 0.2% rate of increase as the previous quarter. For Outside Central Region, prices increased by 3.0% in 2nd Quarter 2013, compared to 1.4% in the previous quarter (see Annex B).
The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter, supplemented by information on new units sold by developers in the first two months of the quarter. The statistics will be updated 4 weeks later when URA releases the full real estate statistics for 2nd Quarter 2013, which captures more data on the caveats lodged and the take-up of new projects. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.

[phantom_opera]

yes, 1H already meeting inflation, by year end OCR price growth will outperform inflation rate ... if include J Gateway, price growth could be 6% liao

still lost to china, China 1H already 7.6%

[Tan80000]

yes, 1H already meeting inflation, by year end OCR price growth will outperform inflation rate ... if include J Gateway, price growth could be 6% liao

still lost to china, China 1H already 7.6%

U hv not included the additional 7% ABSD, with that its should be even more.

[kane]

yes, 1H already meeting inflation, by year end OCR price growth will outperform inflation rate ... if include J Gateway, price growth could be 6% liao

still lost to china, China 1H already 7.6%

j gateway is an outlier event, until a few more suburbia projects also sell out at those prices, like maybe sky habitat or something. then those prices will become the norm.

[Tan80000]

j gateway is an outlier event, until a few more suburbia projects also sell out at those prices, like maybe sky habitat or something. then those prices will become the norm.

If a few more sold out projects, CM8 sure on the way...by then HDB owners will not be able to buy PC lor...

[kane]

If a few more sold out projects, CM8 sure on the way...by then HDB owners will not be able to buy PC lor...

Wasn't last Friday's announcement CM8. Or was it 7.5?

[Ringo33]

Wasn't last Friday's announcement CM8. Or was it 7.5?

KBW say structure measures, not cooling measures.