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On a yearly basis, personal home costs climbed 0.5percent in the fourth quarter of 2019, continuing the 1.3% growth seen in the preceding quarter.

The personal houses costs in Singapore rose 2.7percent in 2019down in the 7.9% increase previously enrolled in 2018, according to the hottest personal housing index by the Urban Redevelopment Authority (URA) on Thursday (23 January).

On a per day basis, personal home costs climbed 0.5percent in Q4 2019, in contrast to 1.3% growth seen in the preceding quarter.

Prices of landed houses meanwhile, rose 3.6percent in Q4 2019, compared to the 1 percent growth registered in Q3 2019. Costs of non-landed houses dipped 0.3%, reversing the 1.3% increase posted previously.

In general, 2019 saw landed house costs rise by 5.7%, while non-landed houses increased by 1.9 percent.

Those from the Core Central Region (CCR) dropped the most by 2.8%, while people in the remainder of Central Region (RCR) fell 1.3 percent. The External Central Area (OCR), on the other hand, saw prices rise by 2.8 percent.

Meanwhile, the rentals of private houses increased 1.4percent this past year, up from the 0.6% growth in 2018.

For Q4 2019, leases dropped 1 percent as both the landed house and non-landed home section posted a fall in lease in 1.6% and 0.9 percent, respectively.

Developers found more components in 2019 in 11,345 uncompleted houses, in comparison to 8,769 units in the former calendar year.

Back in Q4 2019, they found 2,226 uncompleted private houses, excluding executive condos (ECs)down in the 3,628 units in Q3 2019.

Within the secondary marketplace, 8,949 houses were marketed in 2019, where 2,342 were transacted at the fourth quarter.

URA noted that resale trades accounted for 48 percent of the entire sale transactions in Q4 2019, compared to 41.3percent in Q3 2019.

“According to the anticipated completion dates reported by programmers, 6,922 units (like ECs) will soon be finished in 2020. Another 10,579 components (like ECs) will be finished in 2021,” additional URA.