Urban Redevelopment Authority (URA) Media Release: |
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Prices of private residential properties increased by 2.8% in the fourth quarter of 2023, with a total increase of 6.8% for the whole of 2023, compared to the increase of 8.6% and 10.6% in 2022 and 2021 respectively. This was the second consecutive year of moderation in price momentum. |
Private residential property rentals declined for the first time in over three years, by 2.1% in the fourth quarter of 2023, with a total increase of 8.7% for 2023. A significant moderation from the 29.7% increase in 2022. |