The URA has released its property market statistics for 4Q2019. It reported that the overall price index of private residential properties increased 0.5% q-o-q, compared to the 1.3% increase in the previous quarter. For the whole of 2019, prices of private residential properties increased by 2.7%, compared to the 7.9% increase in 2018.
In all, 2,443 new private residential homes were sold last quarter, bringing the total new home sales volume in 2019 to 9,912 units. The latter reflects a 12.7% y-o-y increase in the number of new units sold compared to the year before, which recorded 8,795 new units transacted.
