URA Releases Flash Q2 2007 Private Residential Property Price IndexURA Releases Flash Q2 2007 Private Residential Property Price Index 1 The Urban Redevelopment Authority (URA) released today the flash estimate of the price index of private residential property for 2nd Quarter 2007. 2 Based on the estimated price index of private residential property, prices rose from 136.5 points in the 1st Quarter 2007 to 147.3 points in the 2nd Quarter 2007. This represents an increase of 7.9%, compared with the 4.8% increase in the previous quarter (see Annex A). 3 URA also released today the flash estimates of the price changes in the 3 geographical regions for 2nd Quarter 2007. Prices of non-landed private residential properties increased by 7.6% in Core Central Region, 7.9% in Rest of Central Region and 6.5% in Outside Central Region in the quarter (see Annex B). 4 The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by infor (more...)