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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
Apr 01, 2024
Actual
1.50%
Previous
2.80%
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
Apr 25, 2024 20:30     1.50%
Mar 31, 2024 (Q1) 20:30   1.50%   2.80%
Jan 25, 2024 (Q4) 20:30 2.80% 2.70% 0.80%
Jan 01, 2024 (Q4) 20:30   2.70%   0.80%
Oct 26, 2023 (Q3) 20:30 0.80% 0.50% -0.20%
Oct 01, 2023 (Q3) 20:30   0.50%   -0.20%

Analysis

Jeffrey Halley
Markets Remain Volatile By Jeffrey Halley - Apr 01, 2022

Q2 of 2022 is going to start as messily as Q1 has finished, with markets buffeted by a multitude of strong winds from various directions, with the outcome no clearer for the future than ever. The...

URA Property Index (QoQ) Discussion

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