Monday, October 03, 2005
Singapore's Q3 private home prices up 1.1%: URA
SINGAPORE - Singapore's private home prices rose 1.1% quarter-on-quarter in the July-to-September period.
The third-quarter gain follows a 0.5 percent rise in the previous three months, said the Urban Redevelopment Authority (URA) on Monday.
The URA said that based on flash estimates, its price index of private residential property for the third quarter stood at 116.5 points, up from 115.2 in the April-June period.
The flash estimate is compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by information on the number of new units booked.
The statistics will be updated four weeks later when more data on the caveats lodged and the take-up of new projects are captured. - CNA/ir
The third-quarter gain follows a 0.5 percent rise in the previous three months, said the Urban Redevelopment Authority (URA) on Monday.
The URA said that based on flash estimates, its price index of private residential property for the third quarter stood at 116.5 points, up from 115.2 in the April-June period.
The flash estimate is compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by information on the number of new units booked.
The statistics will be updated four weeks later when more data on the caveats lodged and the take-up of new projects are captured. - CNA/ir
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// posted by Shajahan @ 4:08 PM 