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Singapore URA Property Index QoQ
Latest Release
Oct 25, 2024
Actual-0.70%
Forecast-1.10%
Previous-1.10%
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.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Oct 24, 2024 (Q3) | 19:30 | -0.70% | -1.10% | -1.10% | |
| Sep 30, 2024 (Q3) | 19:30 | -1.10% | 0.90% | ||
| Jul 25, 2024 (Q2) | 19:30 | 0.90% | 1.10% | 1.40% | |
| Jun 30, 2024 (Q2) | 20:40 | 1.10% | 1.40% | ||
| Apr 25, 2024 (Q1) | 19:30 | 1.40% | 1.50% | 2.80% | |
| Mar 31, 2024 (Q1) | 19:30 | 1.50% | 2.80% |
Analysis
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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