Private property prices rise 2.5% in 2019, down from 7.9% in previous year

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The increase in the fourth quarter was sustained by landed property prices (4 per cent) and non-landed property prices Outside Central Region (2.9 per cent), figures released by the Urban Redevelopment Authority showed.

Prices dropped by 3.7 per cent in the Core Central Region, and by 1.4 per cent in the Rest of Central Region.

The flash estimates are compiled based on transaction prices given in contracts submitted for stamp duty payment and data on units sold by developers up until mid-December.

The statistics will be updated on Jan 23 when URA releases its full set of real estate statistics for the fourth quarter of the year.

Source: https://www.channelnewsasia.com/news/business/singapore-condo-landed-private-property-prices-2019-12226246

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