On October 17, National Development Minister Lawrence Wong told the press that it is still not time yet to unwind the cooling measures. Price adjustments so far have been moderate compared to the increase in prices in the past few years. Price corrections are moderate So how “moderate” is price adjustments? Have price corrections been “meaningful” so far? According to URA, … [Read more...]
Implications behind the improved URA Property Price Index
If you have a good memory, you may still recall that I have written to The Straits Times Forum in December last year on “Public deserves reliable, consistent data”. In URA’s reply, they mentioned about working towards making improvements to the property market data and will release the nett prices of individual units sold by developers on their website in the first half of … [Read more...]
URA’s reply for “Public deserves reliable, consistent data”
I have written to The Straits Times Forum regarding the problem of inconsistent and incomplete private property transaction data. Below is my letter (Dec 18, Thursday) and reply from URA (Dec 23, Tuesday). Public deserves reliable, consistent data Published on Dec 18, 2014 THE computation of the HDB’s resale price index has recently been improved to give a more … [Read more...]