Tuesday, January 31, 2012

Rate of increase in private home prices continues to moderate in Q4 2011

SINGAPORE: The rate of increase in private residential property prices continued to moderate for the 9th consecutive quarter since Q4 2009.

Flash estimates by the Urban Redevelopment Authority showed that the private homes index rose to 206.2 points in Q4 2011, up 0.2 per cent, compared to the 1.3 per cent increase in Q3.

Prices of non-landed private residential properties increased by 0.5 per cent in the Core Central region and by 0.6 per cent in the Outside Central region, in the quarter.

There was no change in prices in the Rest of the Central region.

But compared to Q3 figures, prices of non-landed private residential properties went up by 0.7 per cent in the Core Central region, 1.2 per cent in the Rest of the Central region and 2.1 per cent in the Outside Central region.

Source : MediaCorp Pte Ltd


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