Based on flash estimates released by URA on Oct 2, the private residential property index rose by 0.7 point to 137.3 points in 3Q2017, from 136.6 points in 2Q2017. This translates into a 0.5% q-o-q increase, compared to a 0.1% decline in 2Q2017.
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Based on flash estimates released by URA on Oct 2, the private residential property index rose by 0.7 point to 137.3 points in 3Q2017, from 136.6 points in 2Q2017. This translates into a 0.5% q-o-q increase, compared to a 0.1% decline in 2Q2017.
The private condo market has lost more than $15 billion in market value since its peak in prices in January 2014.
SRX Property used X-Value, its valuation algorithm, to calculate the value of all transacted flats (recorded) at the market's peak and then compared it with the value at 31 December 2014.