Private home prices across Singapore rose by 0.5 percent quarter-on-quarter in Q3 2017, reversing the 0.1 percent dip in the previous three-month period, according to flash estimates published by the Urban Redevelopment Authority (URA) today.
In the landed property segment, prices increased by one percent compared to the 0.3 percent decline in the second quarter.
Similarly, overall prices of non-landed houses here edged up by 0.4 percent from a slide of 0.1 percent previously.
In particular, Singapore’s Core Central Region (CCR) posted a 0.2 percent gain in the prices of non-landed homes versus a 0.5 percent drop, while the Outside Central Region (OCR) recorded a growth of 0.7 percent compared to a 0.3 percent contraction in the preceding quarter.
Meanwhile, prices of non-landed homes in the Rest of Central Region (RCR) remained unchanged after a 0.6 percent increase in prices during Q2 2017.
This article was edited by Keshia Faculin.