Why does the URA price transaction indicate the unit as a residential apartment instead of the project name?

The URA price transaction indicates the unit as a "residential apartment" rather than the project name for several reasons:

- Categorization: The URA categorizes transactions based on property types, such as condominiums, landed properties, and apartments. This categorization helps in analyzing market trends and prices for different types of residential properties. Labeling it as a "residential apartment" fits into this broader categorization.

- Generic Term: Using "residential apartment" is a generic term that encompasses various types of apartment units within different projects. This makes the data more uniform and easier to analyze across different projects and locations.

- Focus on Property Type: The primary focus of URA transactions is on the type of property rather than the specific project name. This allows for a more generalized view of the market, highlighting trends and prices for residential apartments as a whole.

- Data Consistency: Consistently using "residential apartment" ensures data consistency, making it easier for users to compare and analyze transactions across different projects and time periods.