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Singapore URA Property Index QoQ

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Singapore URA Property Index QoQ

Frequency

Delivery Method

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Status

 
Latest Release
Jul 23, 2021
Actual
0.80%
Forecast
0.90%
Previous
3.30%
Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market. Rising number of new construction starts or value of construction completed reflects higher consumer and business optimism. Expanding construction indicates growth in the housing market and predicts an increase in the overall economy. However, an excessive supply of new buildings may result in a drop in housing prices. The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.To compute the price indices, transactions are first grouped by property type and locality. The grouping is selected on the basis of frequent transactions and similar prices ($ per sq m). The median price in each group is used to compute a sub-index. The price index of a particular property type is the weighted average of all the sub-indices of that property type in the various planning areas.
Importance:
Country:
Currency: SGD
Source: Urban Redevelopment Authority
Singapore URA Property Index QoQ
 
Release Date Time Actual Forecast Previous
Jul 22, 2021 (Q2) 20:30 0.80% 0.90% 3.30%
Jun 30, 2021 (Q2) 20:30   0.90%   0.90%
Apr 22, 2021 (Q1) 20:30 3.30% 2.90% 2.90%
Mar 31, 2021 (Q1) 20:30   2.90%   2.90%
Jan 21, 2021 (Q4) 20:30 2.10%   2.10%
Jan 03, 2021 (Q3) 21:00   2.10%   0.30%

URA Property Index (QoQ) Discussion

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