Private residential prices rose 3.9% in 2024

Private home prices rebounded 2.3% QoQ in 4Q24, bringing full year 2024 price increases to 3.9%.  While the private residential price index dipped 0.7% Quarter-On-Quarter (QoQ) in 3Q24, its first decline since 2Q23, this turned out to be a blip. Source: URA The pace of increase in the quarter was in line with flash estimates released on 2 January 2025, as prices were mainly led by newly-launched projects.  Overall, 2024 private residential price increases continue to be led by non-landed properties which increased 4.7% Year-On-Year (YoY) vs. 0.9% YoY for landed properties.  Source: URA Across the private residential non-landed subsegments, 4Q24 prices were led by the Outside Central Region (OCR) at 3.3% QoQ, followed by Rest of Central Region (RCR) at 3.0% QoQ and Core Central Region at 2.6% QoQ.  Source: URA In the OCR, price increases were...