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Curbs wont cool private home prices

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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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