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Understanding property indices

Different indices can paint a conflicting picture of property prices.

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In Singapore, government agencies such as Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have been providing quarterly updates on private and public home prices respectively.

Keeping tabs on property price movements is crucial on several fronts.

For many, residential property is their single largest purchase, for which they require accurate and reliable price information. Property is also a major component on households' balance sheets.

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