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Residential Property Price Index (RPPI) for the second quarter of 2021 in Brunei Darussalam (Q1 2021)


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BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 2 2021 (Q2 2021)

 

1. Brunei Darussalam's Residential Property Price Index (RPPI) for the second quarter of 2021 was released today by the Brunei Darussalam Central Bank (BDCB) (Q2 2021).
The index is produced with close collaboration from the Ministry of Development, particularly the Authority for Building Control and Construction Industry, and is based on data obtained from banks in Brunei Darussalam (ABCi).


2. The RPPI was 93.1 in Q2 2021, up 10.0 percent year over year from Q2 2020 and 0.3 percent quarter over quarter from Q1 2021.

 

3. According to mortgage data collected from banks, there were 103 private residential property transactions in Q2 2021, compared to 112 in Q1 2021.
Detached houses accounted for 66.0 percent of all transactions, followed by semi-detached houses (19.4%), terrace houses (6.8%), apartments (4.9%), and land (4.9%). (2.9 percent ).

 

4. In Q2 2021, the median purchase price for all types of private residential properties was BND277,000, up 16.4 percent from Q2 2020 and 12.1 percent higher than Q1 2021.
For detached houses, the median purchase price was BND299,500; for semi-detached houses, BND256,000; for terrace houses, BND210,000; for apartments, BND230,000; and for land, BND145,000.


5. The published statistics and index should only be used as a guide; they should not be used to draw precise conclusions about a specific private residential property because property values vary depending on location, land size, floor space, and other factors.

 

6. Members of the public can find additional information about RPPI in the technical notes on the methodology, as well as current statistics, on the BDCB website at www.bdcb.gov.bn.
The BDCB's Instagram feed @centralbank.brunei will also provide updates on the RPPI.

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