URA's Q3 private home price index posts 1.3% q-o-q rise

Singapore

THE 1.3 per cent quarter-on-quarter rise in Singapore's overall private home price index in the third quarter of this year created some excitement in property circles on Friday. This was because the rise was higher than the 0.9 per cent increase in the flash estimate released on Oct 1.

Here's a simple explanation of what happened: Based on the flash estimate, the overall private home price index rose 0.9 per cent, taking into account the 1.7 per cent growth in the non-landed private home price index and the drop of 2.2 per cent in the landed home price index.