The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 2021.1

PRIVATE RESIDENTIAL PROPERTIES

Private residential market at a glance:

Prices and Rentals

Prices of private residential properties increased by 3.3% in 1st Quarter 2021, compared with the 2.1% increase in the previous quarter.

Property Price Index of private residential properties

Prices of landed properties increased by 6.7% in 1st Quarter 2021, compared with the 1.6% decrease in the previous quarter. Prices of non-landed properties increased by 2.5% in 1st Quarter 2021, compared with the 3.0% increase in the previous quarter.

Prices of non-landed properties in Core Central Region (CCR) increased by 0.5% in 1st Quarter 2021, compared with the 3.2% increase in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 6.1%, compared with the 4.4% increase in the previous quarter.  Prices of non-landed properties in Outside Central Region (OCR) increased by 1.1%, compared with the 1.8% increase in the previous quarter (see Annexes A-1, A-2 & A-62).

Rentals of private residential properties increased by 2.2% in 1st Quarter 2021, compared with the 0.1% increase in the previous quarter.