Overall prices of private residential properties grew 2.9 percent in the third quarter, compared with the 5.3 percent increase in the second quarter, said the URA.
Prices of non-landed properties saw an increase of 1.6 percent in Q3, compared with the 5.0 percent increase in the earlier period, while prices of condominiums and apartments also rose 1.1 percent and 3.1 percent, respectively.
Meanwhile, prices of non-landed properties located in Core Central Region (CCR) jumped 1.6 percent in Q3, while prices of non-landed properties in Outside Central Region (OCR) and Rest of Central Region (RCR) rose 2.2 percent and 2.3 percent, respectively.
Prices of landed properties climbed 7.7 percent in Q3, compared with 6.2 percent in the previous quarter, while prices of semi-detached, detached and terrace houses leaped 7.5 percent, 8.4 percent and 7.2 percent, respectively for the same period.
Rentals of private residential properties also increased 3.6 percent in Q3, compared with the 5.9 percent increase in the second quarter. Rentals of non-landed properties in RCR increased 3.7 percent, while rentals for CCR and OCR each saw an increase of 3.6 percent.
According to URA, uncompleted private housing units from projects in the pipeline as of end-Q3 reached 64,358 units, out of which 33,771 units remained unsold, and 36,796 units were likely to be completed from Q4 2010 and 2013, of which 28,047 units were already under construction.