RREPI climbs to 117.4 in Q4 2017

RESIDENTIAL real estate prices rose by 5.7 percent year-on-year in the last quarter of 2017 as the Residential Real Estate Price Index (RREPI) increased to 117.4 from 111.1 for the same quarter a year ago.

Year-on-year, prices of townhouses and condominium units grew faster at 8.1 percent and 14.2 percent compared to the previous quarter, respectively.

Meanwhile, prices of single detached housing units declined slightly by 0.3 percent. Quarter-on-quarter, the RREPI also went up by 5.2 percent.

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