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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 25, 2024 (Q3) | 01:30 | -0.70% | -1.10% | -1.10% | |
| Oct 01, 2024 (Q3) | 01:30 | -1.10% | 0.90% | ||
| Jul 26, 2024 (Q2) | 01:30 | 0.90% | 1.10% | 1.40% | |
| Jul 01, 2024 (Q2) | 02:40 | 1.10% | 1.40% | ||
| Apr 26, 2024 (Q1) | 01:30 | 1.40% | 1.50% | 2.80% | |
| Apr 01, 2024 (Q1) | 01:30 | 1.50% | 2.80% |
URA Property Index (QoQ) Discussion
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