26 Dec '14, 4pm

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 accurate picture of price movements in the public housing market (“New way to better reflect HDB resale market”; Dec 10). In contrast, there are different property price indexes tracking the private residential market – including the Urban Redevelopment Authority’s non-landed residential Property Price Index (PPI), the SRX Property Index (SPI), the NUS Singapore Residential Price Index, and Redas’ Real Estate Sentiment Index – with each one claiming to be more accurate than the others. The conflicting results from ...

Full article: http://thefinance.sg/2014/12/26/uras-reply-for-public-des...

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