The Urban Redevelopment Authority (URA) released today the real estate statistics for 4th Quarter 2020.1

PRIVATE RESIDENTIAL PROPERTIES

Private residential market at a glance:

Prices and Rentals

Prices of private residential properties increased by 2.1% in 4th Quarter 2020, compared with the 0.8% increase in the previous quarter. For the whole of 2020, prices of private residential properties increased by 2.2%, compared with the 2.7% increase in 2019.

Property Price Index of private residential properties

Prices of landed properties decreased by 1.6% in 4th Quarter 2020, compared with the 3.7% increase in the previous quarter. Prices of non-landed properties increased by 3.0% in 4th Quarter 2020, compared with the 0.1% increase in the previous quarter. For the whole of 2020, prices of landed properties rose by 1.2% while those of non-landed properties rose by 2.5%.

Prices of non-landed properties in Core Central Region (CCR) increased by 3.2% in 4th Quarter 2020, compared with the 3.8% decrease in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 4.4%, compared with the 2.5% increase in the previous quarter. Prices of non-landed properties in Outside Central Region (OCR) increased by 1.8%, compared with the 1.7% increase in the previous quarter. For the whole of 2020, prices of non-landed properties in CCR decreased by 0.4%, while prices in RCR and OCR increased by 4.7% and 3.2% respectively (see Annexes A-1a,A-1b, A-2 & A-62).