The Central Bank of Brunei Darussalam published Brunei Darussalam’s Residential Property Price Index (RPPI) for the third quarter of 2024, reporting that private residential property prices purchased by households fell both year-on-year and quarter-on-quarter. The RPPI stood at 93.6 (Q1 2015 = 100), down 4.3% from Q3 2023 and down 1.6% from Q2 2024. Based on mortgage data from banks, there were 134 private residential property transactions in Q3 2024, up 8.9% from Q2 2024 and up 34.0% from a year earlier; detached houses accounted for 61.2% of transactions. The median purchase price across all private residential property types was BND249,800, down 3.9% year-on-year and down 0.08% quarter-on-quarter, with most purchases located in the Brunei-Muara district (110 transactions).
Central Bank of Brunei Darussalam 2025-01-03
Central Bank of Brunei Darussalam publishes Q3 2024 Residential Property Price Index showing year-on-year and quarter-on-quarter declines
The Central Bank of Brunei Darussalam released the Residential Property Price Index (RPPI) for Q3 2024, showing a decline in private residential property prices by 4.3% year-on-year and 1.6% quarter-on-quarter. There were 134 transactions, an increase of 8.9% from Q2 2024 and 34.0% from Q3 2023, with detached houses making up 61.2% of sales. The median purchase price was BND249,800, with most transactions occurring in the Brunei-Muara district.