Private home prices up 7.3% on-quarter in Q4: URA estimates

Singapore’s private home prices rose 7.3 per cent in the fourth quarter of 2009, compared to the previous three months.

This is according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday.

The pace has slowed from the near 16 per cent increase in the third quarter and the main rise was in the city fringe area where prices rose 9.5 per cent.

This was followed by a 7.1 per cent rise in the prime districts and 5.8 per cent in outlying areas.

For the whole of 2009, private property prices rose 1.7 per cent.

Source : Channel NewsAsia – 4 Jan 2010

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