ABC of URA Market Data

Private Homes Price Index
- Overall price movement of all private homes (landed & non-landed, excl en-bloc), based on caveats lodged.
- Providing a quick overview of market performance.

Non-landed Homes Price Index
- Breaks down to various regions, such as core central (D9, 10, 11, Downtown & Sentosa), central and outside central; and further categorizes into completed and uncompleted homes.
- Gives a more accurate picture of the market based on location, which is a key factor in prices.
- Uncompleted homes may indicate speculators or investors involvement.

Number of Sub-sale
- Refers to the resale of homes that have not obtained completion and it is based on the caveats lodged.
- Indication of speculative activity and how widespread it is.
[Note: In 2Q96 (property peak), sub-sales formed about 28% of all private home sale that led to Government's intervention.
This sub-sale number is, however, not a true reflection of speculative activity, as 'flipping' of options are not captured.]

Number of New Homes Sold
- Shows how many new homes (completed & uncompleted) are sold based on Developers' options granted.
- Breaks down to various regions.
- Indicates demand and confidence in residential market.

Number of Homes to be Completed
- Shows the supply of homes for the next few years, incl projects under construction, and with written/provisional permission to build.
- A clearer picture of residential supply.

Residential Rental Index
- Rental rates movements (compiled by IRAS).