Sengkang Hospital - Work has begun on new general hospital in the north; 1 of 4 to be built by 2030

The hospital complex at Sengkang will comprise an 800-bed general hospital, a 400-bed community hospital, and another 200 "swing beds" which could be used by either hospital.

Sunday, October 27, 2013 - 19:31

Salma Khalik

The Straits Times

Source: AsiaOne

URA releases flash 3rd Quarter 2013 private residential property price index

The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 3rd Quarter 2013 today.

Overall, the private residential property index rose 0.8 points from 215.4 points in 2nd Quarter 2013 to 216.2 points in 3rd Quarter 2013. This represents a moderate increase of 0.4%, compared to the 1.0% increase in the previous quarter (see Annex A).

Prices of non-landed private residential properties in both Core Central Region and Rest of Central Region declined in 3rd Quarter 2013. In Core Central Region, prices fell 0.5%, more than the 0.2% decline in the previous quarter. Prices in Rest of Central Region decreased for the first time since 1st Quarter 2012, by 1.1%, compared with the 0.2% increase in the previous quarter. In Outside Central Region, prices increased by 2.1% in 3rd Quarter 2013, which is lower than the 3.8% increase in the previous quarter (see Annex B).

The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by survey data on new units sold by developers in the first two months of the quarter. The statistics will be updated 4 weeks later when URA releases the full real estate statistics for 3rd Quarter 2013, which captures more data on the caveats lodged and the take-up of new projects. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.

HDB - Flash estimate of 3rd quarter 2013 Resale Price Index

HDB’s flash estimate of the 3rd Quarter 2013 Resale Price Index (RPI) is 205.1, a decline of 0.7% over 2nd Quarter 2013 (see Annexes A1 and A2  (PDF 28KB)). This is the first decline since 1Q2009.

2The RPI provides information on the general price movements in the public residential resale market. The transacted prices of individual flats (by block and flat type) can be found on HDB’s website and detailed online enquiries can be made athttp://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PReslTrans.jsp.

3The RPI for the full quarter and more detailed public housing data for 3rd Quarter 2013 will be released on 25 October 2013.

Source: HDB