Private home prices rose 1.8 per cent in the fourth quarter of 2012, compared to a 0.6 per cent increase in the previous quarter.
But for the whole year of 2012, prices of private residential properties increased by 2.8 per cent, a smaller rise compared to the 5.9 per cent growth recorded in 2011.
The Urban Redevelopment Authority (URA) on Friday said that prices of non-landed properties outside the central region rose 3.8 per cent in the fourth quarter, compared to an increase of 1 per cent in the third quarter.
Prices of non-landed properties in the core central region edged up 0.7 per cent in Q4. For the rest of the central region, prices increased 0.9 per cent.
Rentals of private homes climbed 0.7 per cent in Q4. For the full year, private home rentals rose 2.1 per cent, compared with the 3.8 per cent increase in 2011.
For office space, rentals decreased by 0.3 percent in the fourth quarter. This followed a decline of 0.1 per cent in the third quarter.
For the whole year, rentals of office space declined 1.3 percent, compared with an increase of 8.4 per cent in 2011.
Meanwhile, shop space rentals rose 0.2 per cent in Q4, after a drop of 0.3 per cent in the previous quarter. For 2012, rentals of shop space fell 0.3 per cent, compared with the 2.6 per cent increase in 2011.
Prices of multiple-user factory space decreased by 2.7 per cent in the fourth quarter, compared with the 10.1 per cent rise in Q3. For the whole year, factory space prices surged 24.5 per cent.
Rentals of multiple-user factory space increased by 3.9 per cent in Q4. In 2012, rentals of multiple-user factory space climbed 9.7 per cent.
Source : Channel NewsAsia – 25 Jan 2013