The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 2024.

PRIVATE RESIDENTIAL PROPERTIES

Private residential market at a glance:

Prices and Rentals

Prices of private residential properties increased by 1.4% in 1st Quarter 2024, compared with the 2.8% increase in the previous quarter.

Property Price Index of private residential properties

Prices of landed properties increased by 2.6% in 1st Quarter 2024, a moderation from the 4.6% increase in the previous quarter. Prices of non-landed properties increased by 1.0% in 1st Quarter 2024, compared with the 2.3% increase in the previous quarter. 

Prices of non-landed properties in Core Central Region (CCR) increased by 3.4% in 1st Quarter 2024, following the 3.9% increase in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 0.3% in 1st Quarter 2024, compared with the 0.8% decrease in the previous quarter. Prices of non-landed properties in Outside Central Region (OCR) increased by 0.2% in 1st Quarter 2024, compared with the 4.5% increase in the previous quarter (see Annexes A-1, A-2 & A-61).