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Singapore URA Property Index QoQ fell to 0.5% in Q2 2026, released July 2026, down 0.4% from March's 0.9% reading. The reading matched the 0.5% consensus. The print is running well below the 12-month average of 0.77%. The reading is in the 27th percentile of the trailing 24-month range.
across last 12 releases
Jul 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.50 | CRYPTO | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.47 | COMMODITIES | Moves against | → View |
| USD/SGD | ▲ Direct | +0.34 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
URA Property Index QoQ (Singapore) was reported at 0.5% in July 2026. This matched the market consensus of 0.5% exactly. The reading fell from the previous value of 0.9%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.65%, ranging from 0.3% to 1.2% across 6 releases.
The trailing three releases averaged 0.37%, down from the prior three at 0.93%. Volatility over the past year (σ 0.33%) is lower than the prior year (σ 1.22%). In July readings over the past 3 years, URA Property Index QoQ has averaged 0.88%.
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.43%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
The URA Property Index QoQ is a financial indicator that measures the quarterly changes in property prices in Singapore. It is published by the Urban Redevelopment Authority (URA) and provides valuable insights into the overall health and trends of the real estate market. This index is widely used by investors, analysts, and policymakers to make informed decisions and assess the performance of the property sector. With its timely and accurate data, the URA Property Index QoQ is a crucial tool for monitoring the dynamics of the Singapore property market.
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
Latest reading (Apr 2026): actual 0.5 %, consensus 0.5 %. Prior reading (Jan 2026): 0.3 %. Before that (Jan 2026): 0.3 %.
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.50) — a useful reference for crypto-focused traders.
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| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | Bank Lending | 931.4 | 917.7 | 884.1 | 907.75 | Low | |
| 02:30 | Unemployment Rate | 2 | 2 | 2.1 | 2.05 | Low | |
| 05:00 | Business Confidence | 12 | 17 | 5 | 8.50 | Low | |