Non Core: Understanding Residential Market Index

Credit Hours
2 Generic Credits

Course Synopsis

Course Objective

  1. This course is to increase the awareness of and to give practical guidance on the interpretation of index number for salespersons to stay informed of price trend and market movement.
  2. This course will describe the underlying principle and methodology of the URA derived private property index (PPI), comprehensible to a layman.
  3. This course uses caveat prices from the URA as case studies to illustrate the uses of PPI.
  4. The overall objective is for salespersons to use price index and interpret URA’s quarterly reported PPI to justify in informing or in updating their clients on the development in the property market that may affect buying and selling decisions.

 

Synopsis

  1. The purchase of a residential asset is considered by many, both as a means of obtaining shelter and a capital investment, the latter potentially is providing an opportunity for significant capital gain in the longer-term.
  2. The URA quarterly released PPI are considered an essential and important information in this respect, because:
  • From an individual’s perspective, buying a residential asset often represents the single largest investment and it also accounts for the largest share of our national wealth.
  • They play a major role in the measurement of the affordability of residential asset ownerships, a key housing policy objective.
  • Investors use them in assessing their current and future investment returns to decide acquiring residential assets.
  • They also indicate market movements, which will influence the decision to build (supply side) as well as the decision to become an owner (demand side).
  1. The URA’s PPI as one of the key indicators of our economic activity, is because:
  • Internally, policy makers rely on the information to design and formulate monetary and financial policies, directed at the financial institutions like adjusting mortgage loan rates.
  • Externally, they will impact Singapore’s competitiveness in companies doing businesses here when acquiring or renting residential assets.

 

*2 non-core CPD hours for C&H Agents*
*2 non-core CPD hours for non C&H Agents are subjected to Estate Agency KEO approval*

Course Details

Speaker
Start
11/09/2019 10:30 AM
End
11/09/2019 1:30 PM
Venue
C & H Properties Pte Ltd
Training Room at 490 Lorong 6 Toa Payoh
#06-11 HDB Hub
Singapore 310490
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Availability
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