URA’s flash estimate of 1Q 2021’s private residential property price index

Singapore, 6 April 2021 – The Urban Redevelopment Authority (URA) has released the flash estimate of the price index for private residential property for 1Q 2021.

Overall, the private residential property index increased by 4.6 points from 157.0 points in 4Q 2020 to 161.6 points in 1Q 2021. This represents an increase of 2.9 per cent, compared to the 2.1 per cent increase in the previous quarter.

Location of the non-landed private residential properties	1Q 2021	4Q 2020
Core Central Region (CCR)	Decreased by 0.3 per cent	Increased by 3.2 per cent
Rest of Central Region (RCR)	Increased by 6.1 per cent	Increased by 4.4 per cent
Outside Central Region (OCR)	Increased by 0.9 per cent	Increased by 1.8 per cent

The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on units sold by developers up till mid-March 2021. The statistics will be updated on 23 April 2021 when URA releases its full set of real estate statistics for 1Q 2021.

– Construction+ Online

Source: URA