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In the context of Singapore's real estate market, the Private Residential Property Price Index (PPI) is a statistical measure used by the Urban Redevelopment Authority (URA) to track the broad price trends in the private residential market. The PPI is computed to reflect changes in property prices over time, taking into account various factors such as the size and age of private housing developments. The methodology for calculating the PPI has been improved over the years to ensure it remains robust and accurate. For instance, the URA has incorporated stamp duty data from the Inland Revenue Authority of Singapore to capture all private housing transactions, making the index more comprehensive. The PPI provides insights into the overall performance of the private residential market, including price movements in different regions such as the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR), as well as for landed and non-landed properties. This index is crucial for property buyers, sellers, and investors to understand market trends and make informed decisions.Thank you for your query with EdgeProp Buddy. As a reminder, I'm in Beta mode and it's always wise to seek counsel from a real estate professional for these types of matters.