PRESS RELEASES

Flash estimates released today showed that home prices in both the private residential property and HDB resale flat segments rose in Q1 2024, though at varying pace. Overall private home prices grew at a slower clip in Q1 2024 due to the weaker sales volume and the higher base in the prior quarter, while HDB resale flat prices found some renewed strength as healthy demand and more high value transactions put an upward pressure on resale flat prices in Q1 2024. The flash estimates tracked transactions up till mid-March; the final print for the entire quarter will be published on 26 April 2024.

Q1 2024 URA Private Residential Property Index (Flash)

Flash estimates from the Urban Redevelopment Authority (URA) showed that overall private home prices climbed by 1.5% QOQ in Q1 2024, easing from the 2.8% QOQ increase in the previous quarter (see Table 1). The moderation in prices can be attributed to the relatively listless sales in Q1 amid the festive seasons, and tentative buying sentiment following slower transactions in 2023.

In Q1 2024, several residential projects including an EC development (The Arcady at Boon Keng, Hillhaven, Lentoria, Lentor Mansion, Koon Seng House, Ardor Residence, and Lumina Grand EC) were put on the market in, with no launches in February, in view of the Lunar New Year holidays. 

Table 1: URA Private Property Price Index

Price Indices	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q4 2023	Q1 2024 (Flash)
	(QOQ % Change)				(YOY % Change)	(QOQ % Change)
Overall PPI	3.3	-0.2	0.8	2.8	6.8	1.5
Landed	5.9	1.1	-3.6	4.6	8.0	3.4
Non-Landed	2.6	-0.6	2.2	2.3	6.6	1.0
·        CCR	0.8	-0.1	-2.7	3.9	1.9	3.1
·        RCR	4.4	-2.5	2.1	-0.8	3.1	0.2
·        OCR	1.9	1.2	5.5	4.5	13.7	--> Buy Rent New Projects Privacy The information contained on this website is for general information purposes only. PropNex Realty Pte. Ltd. assumes no responsibility for errors or omissions in the contents of this website. In no event shall PropNex Realty Pte Ltd be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the information provided herein. PropNex Realty Pte. Ltd. reserves the right to make additions, deletions, or modification to the contents of this website at any time without prior notice. Viewing Request × #StayHome and Check out property matters via video chat. Just message the agent to schedule a call. Name Contact Number Email Set a date Set a Time Which video app would you like to use for the tour? Zoom WhatsApp Skype Duo Facetime Done Video chat request recieved! × Thank you for your video chat enquiry. You'll hear from us soon by phone or email. Ok