Since my letter to The Straits Times Forum in December 2014 regarding the accuracy problem of private property transaction data, URA had replied about improving the property market data and releasing the nett prices of individual units sold by developers by the first half of 2015. In URA’s 1 April 2015 press release, there were six major changes in the revision of the URA Property Price Index that promised higher representation of transactions and more meaningful comparisons among projects. On May 18, URA finally put together the last missing piece by enforcing the publish of actual transacted prices of uncompleted private properties sold directly by developers. There are also new rules that were amendments to the Housing Developers (Control and Licensing) Act passed in April 2013. New rules announced by URA on May 18 Below is a summary of the URA’s press release on ‘Fostering a more transparent property ......