Private houses' price index climbs by 3.2% to 194.6 in 1Q2023

But sale transaction volume fell by 38%.

The property index for Singapore's private residences increased by 3.2%, or 6.0 points, to 194.6 in the first quarter of the year, the Urban Redevelopment Authority reported.

This is in, comparison to a 0.4% increase in the previous quarter. 

READ MORE: HDB resale market sees slowest quarterly growth since 2020

Sale transaction volume, meanwhile, fell by 8% quarter-on-quarter and 38% year-on-year.

Prices of non-landed properties in the Rest of Central Region (RCR) grew the largest by 4.0% to 213.1, followed by the Outside Central Region (OCR) by 1.9% (222.3) and Core Central Region (CCR) by 1.0% (146.9).