Private home prices up 0.5% in Q3

The price index hit 137.3 points.

The private residential property index rose 0.7 ppt from 136.6 points in Q2 to 137.3 points in Q3, up 0.5% from Q2's 0.1% decline.

According to flash data from the Urban Redevelopment Authority (URA), prices of private condominiums rose 0.2% in the Core Central Region (CCR), an improvement from Q2's 0.5% fall.

Prices in the Rest of Central Region (RCR) stayed the same, whilst those in Outside Central Region (OCR) rose 0.7% from 0.3% drop in Q2.

URA said the statistics will be updated on 27 October 2017 upon the release of full real estate statistics in Q3.

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