Convert the previous price line chart to a percentage growth chart

To convert the price line chart of properties like Carmi Mansions, The Pinnacle@Duxton, and Enchante into a percentage growth chart, you would need to calculate the percentage change in prices over time.

Here’s how you can interpret this:

Percentage Growth Calculation

• Take the transaction prices for each quarter or year for each property.
• Calculate the percentage change from one period to the next. For example, if the price of a unit in Carmi Mansions was $1,000 in Q1 and $1,050 in Q2, the percentage growth would be ((1050 - 1000) / 1000 \times 100 = 5%).

Example Interpretation

• If the price of a unit in Carmi Mansions increased from $800 to $840 over a year, the percentage growth would be ((840 - 800) / 800 \times 100 = 5%).
• For The Pinnacle@Duxton, if prices rose from $1,200 to $1,260 over a quarter, the percentage growth would be ((1260 - 1200) / 1200 \times 100 = 5%).

General Trends

• Singapore's overall residential property prices have shown a year-over-year (YoY) growth of 3.9% in December 2024, following a 4.4% increase in the previous quarter. This general trend can be applied to understand the broader market context.
• The average annual growth rate for private property prices in Singapore has been around 6% to 6.5% over recent years, which can help in estimating the percentage growth for specific properties.

Visual Representation

• Plot the percentage changes over time to see the growth trends. For instance, if Carmi Mansions showed a 5% growth in one quarter and The Pinnacle@Duxton showed a 4% growth, these percentages would be plotted on the chart for that quarter.

By doing this, you can visualize how the prices of these properties have grown in percentage terms over time, providing a clearer picture of their relative performance. You can find detailed transaction data and calculate these percentages using the tools available on EdgeProp Singapore.