2017 2Q URA STATS

By / October 24, 2021

PRIVATE RESIDENTIAL PROPERTIES

 Prices of private residential properties decreased by 0.1% in 2nd Quarter 2017, compared with the 0.4% decline in the previous quarter.

Prices of non-landed properties in Core Central Region (CCR) decreased by 0.5%, compared with the 0.4% decrease in the previous quarter. Prices of non-landed properties in Rest of Central Region (RCR) increased by 0.6%, compared with the 0.3% increase in the previous quarter.  Prices of non-landed properties in Outside Central Region decreased by 0.3%, compared with an increase of 0.1% in the previous quarter

Rentals of private residential properties fell 0.2%, compared with the 0.9% decline in the previous quarter.

Developers launched 2,011 uncompleted private residential units (excluding ECs) for sale in 2nd Quarter 2017, and 3,177 units were sold.

There were 3,698 resale transactions in 2nd Quarter 2017, compared with the 2,170 unitstransacted in the previous quarter.

Vacancy rates of completed private residential properties at the end of 2nd Quarter 2017 in CCR, RCR and OCR were 10.3%, 8.1% and 7.1% respectively, compared with the 9.6%, 8.4% and 7.2% in the previous quarter.

OFFICE SPACE

Prices of office space decreased by 1.4% in 2nd Quarter 2017, compared with the 4.0% decline in the previous quarter.

 Rentals of office space fell by 1.1% in 2nd Quarter 2017, compared with the decline of 3.4% in the previous quarter.

RETAIL SPACE

Prices of retail space decreased by 3.2% in 2nd Quarter 2017, compared with the decrease of 4.0% in the previous quarter.

Rentals of retail space decreased by 1.2% in 2nd Quarter 2017, compared with the decrease of 2.9% in the previous quarter.

 
Feel free to contact me if you would like to have a discussion on how to interpret the data and understand what does that mean to you as an investor.

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