The 3Q2018 HDB Resale Price Index (RPI) dropped 0.2% q-o-q and 1% y-o-y. The index’s growth rate has returned to negative territory after a short-lived 0.1% uptick q-o-q in 2Q2018. By end-September, the index had contracted 0.8% in the first nine months of the year.
Meanwhile, the URA price index for private residential property continued to rise, albeit at a slower rate of 0.5% q-o-q in 3Q2018. This increase was mostly led by a 1.7% q-o-q rise in the prices of landed homes
– October 5, 2018