Differing House Price Trends in Indonesia, Malaysia and Singapore

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CEIC Macro Watch #32 - May 30, 2014 - Malaysia’s House Price Index (HPI) growth eased to 8.1% year-on-year (YoY) during the fourth quarter of 2013 after having hovered above 10% for the previous seven quarters. Malaysia has seen stronger HPI growth from its recent historical low of 0.7% during the first quarter of 2009. There were similar patterns in Indonesia where HPI growth moderated to 11.5% YoY during the fourth quarter of 2013 from 13.5% YoY during the previous quarter. Despite this more moderate growth rate, Indonesia’s HPI growth has been relatively strong given the growth rates below 3% prior to the first quarter of 2011. Singapore’s HPI displayed a substantially different trend, with a prolonged decline in overall HPI growth – though partly due to extraordinary HPI growth from the first quarter of 2010 to the second quarter of 2011 (ranging from 10% to 38% during that period). HPI growth has been below 5% YoY since 2012 and declined by 0.8% YoY in the first quarter of 2014. By Ian Lim in Malaysia - CEIC Analyst Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. Back to Blog

2nd June 2014 Differing House Price Trends in Indonesia, Malaysia and Singapore

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