Overall in 2019, the same estimate revealed prices increased by 2.5percent compared to 7.9% increase in 2018, reported The Business Times.
For the next quarter of 2019, the overall price index for private houses climbed by 1.3 percent. On the other hand, the prices of landed property increased by 4 percent in the fourth quarter of 2018, after rising by 1% in the next quarter of 2019.
Price Increases Varied In Various Regions
Prices for non-landed private residential properties in Q4 2019 were distinct for each area in Singapore; prices at the Core Central Region (CCR) fell 3.7 percent, compared to a 2% increase in the past quarter.
For the remainder of Central Region (RCR), prices dropped 1.4%, after submitting a 1.3% increase in the past quarter. Meanwhile, prices in External Central Area (OCR) climbed 2.9%, as compared to a 0.8percent increase in the prior quarter.
Overall in 2019, prices in OCR and RCR climbed 4.3percent and 2.7% respectively while people in CCR fell by 2.6 percent.
“Past data have proven that the gap between the quarterly price changes indicated by the flash estimate and the actual price changes may be significant once the change is small.