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Curbs wont cool private home prices




The Urban Redevelopment Authority has released new data on private residential prices for the 2nd quarter of this year. In line with the forecasted estimates, prices have increased 3.4%. In addition to the 3.9% increase in prices during the first quarter, private residential new launch condo prices has upped 7.3% in the first half of this year.

Prices increased the most in the RCR (Rest of Central Region) which posed a 5.6% increment. Meanwhile prices seemed to have stabilised in the CCR (Core Central Region) which posted a 0.9% increase.

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