By Mr. Propwise

There has been lots of media coverage of a wide array of numbers from the URA’s release of the second quarter 2012 real estate statistics, but in this article I’d like to focus on what I believe to be the three key trends that anyone interested in the property market should take note of, amongst the many released.

1. Residential Property Price Trend has Reversed

From the URA’s recent update of the 2Q2012 Private Residential Property Price Index (PPI), property prices have managed to defy gravity and registered a slight increase in the quarter to reach an all-time high. The 2Q2012 URA PPI hit 206.8 and was up 0.4% on a quarter-on-quarter basis. At the current levels the price index is 16.5% above the previous 2Q2008 peak, and 14.0% above the previous all time high in 2Q1996.

Figure 1 – URA Property Price ...