Singapore Private Residential Property Prices Rose 0.8% in 3Q

By P.R. Venkat

Singapore's private residential property prices continued to rise in the third quarter, the country's urban planning body said Thursday.

An index for private residential property rose 0.8% in the July-September period compared with a 0.3% gain in the second quarter, flash estimates by the Urban Redevelopment Authority showed.

Prices of nonlanded private residential properties in the core central region, however, declined by 4.9% during the third quarter, compared with a 2.7% increase in the previous quarter.

Final numbers for the third quarter will be published Oct. 23, URA said.

Write to P.R. Venkat at [e-mail]