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2 positive signals from URA's Q1 private home flash estimates

Index for non-landed private homes stays flat, sub-index for suburbs turns positive

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URA's overall private home price index eased 0.5 per cent q-o-q in Q1 2017 - the same magnitude of decline registered in the previous quarter. Against the same period last year, the benchmark index has eased 2.9 per cent. From its recent peak in Q3 2013, the index is down 11.7 per cent.

Singapore

THE Urban Redevelopment Authority's flash estimate for its first quarter 2017 private home price index provided a couple of positive signals for the market, at least for the condo and private apartment segment.

For the first time after 13 quarters of decline, the price

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