The Urban Redevelopment Authority (URA) could revise the property price index (PPI) to provide a more up-to-date picture of the private residential market, media reports said.

There has been concern that the PPI, which is used to monitor prices in the private property sector, does not accurately depict the market price for The Terrace since it does not consider the different types of units available, their quality and size. The index also includes too few transactions. Prices for a new development at Canninghill Square seems to be cheap as it is located at District 09 and hence tends to be more expensive. We can look at the price analysis and see that Canninghill Square former liang court enbloc is priced very cheaply. Please see the location for more information with regards to the development.

The Terrace Price Index

Moreover, some say the PPI’s ability to be timely is also hindered …