This add-on uses the URA managed Private Residential Property Price Index on Data.gov.sg to provide an indicative price of your property based on overall price movements of property in Singapore (by quarter).
Data for the index are computed using stratified hedonic regression method. It is a general indication based on prices of private properties, office, shop, multiple user factory and warehouse.
The following parameters can be configured in Settings > Open (for this extension):
The year and quarter when your property is purchased. This has to be in the format YYYY-QN where N can be 1, 2 3 or 4. For example, 2012-Q3.
The base price in which your property is purchased, in psf (per square foot). For example, 1000. The $ sign is not necessary, but the psf price is in $. Base prices in other commodities will be supported in the future.
Indicates the commodity in which the commodity-to-be-updated is priced in, i.e. $
Denotes the commodity to be updated. I.e.
ORD. You can use any text here to denote your property but make sure it doesn't clash with other commodity symbols that you may use
How it works
The add-on calls the following API:
to get the index value when the property is purchased (closest quarter).
It then gets the index value of the most recent quarter.
Both values obtained thus far forms a growth ratio that is then used to arrive at the current price by multiplying the base price with the growth ratio.
Installing the add-on
Find Current Price (Singapore Private Property) in Extensions settings, then click on GET.
Updating property price
Click on Update > sgprop. A new price in this format will appear in your journal:
P 2019/5/2 5:56:57 VCBP $1006.05
Click Save if OK.
Download once per quarter. On the 1st of every quarter, update the indexed price of your property.
All product names, trademarks and registered trademarks cited herein are property of their respective owners. All company, product and service names are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.
This is just a calculator or computer algorithm, not financial advice.
Contains information Private Residential Property Price Index accessed on 2nd June 2019 (and whenever update is performed) from URA (Urban Redevelopment Authority) which is made available under the terms of the Singapore Open Data Licence version 1.0.