The URA has just released its 2nd Quarter 2020 real estate statistics, and from this we can learn that there has been an overall decrease in prices from the 1st Quarter in terms of private residential property as well as non-landed private residential properties (excluding prices of non-landed private residential properties in the Outside Central Region (OCR) which has remained unchanged). With prices being forecasted to continue to decline during this pandemic period, it may just be the right time for you to start thinking about making investments in the property market while the market is down. If you are in need of assistance you may speak to our sales persons who have an abundance of experience in the real estate and banking fields. You may do so by emailing us at sales@auctionjia.com.sg or by calling 62232801.
(Source: URA Media Release)
COMPARISON OF PROPERTY PRICE INDEX FOR 1ST QUARTER 2020 AND 2ND QUARTER 2020
| Price Index1/ | % Change over Previous Quarter | |||
| 1Q/20 | 2Q/20 | 1Q/20 | 2Q/20 | |
| All Residential (1Q09=100) | 152.1 | 150.4 | -1.0 | -1.1 |
| Landed Property | 170.3 | 165.7 | -0.9 | -2.7 |
| Non-landed Property | 148.1 | 147.2 | -1.0 | -0.6 |
| CCR2/ | 131.1 | 131.0 | -2.2 | -0.1 |
| RCR3/ | 152.6 | 149.7 | -0.5 | -1.9 |
| OCR | 177.2 | 177.2 | -0.4 | 0.0 |
