Prices of private residential properties in Singapore rose 0.5% in the
third quarter of 2012, according to flash estimates released by the Urban
Redevelopment Authority.
This was the highest rate of increase this year compared to the 0.1% drop in the first quarter and the 0.4% increase in the second quarter.
The increase in Q3 was led mainly by the mass market segment where prices rose 1%, compared to the 0.5% increase in the previous quarter.
Prices also rose at a faster pace for homes in the city fringe. They were up by 0.7% in Q3, compared to the 0.4% rise in Q2.
Meanwhile, prices of homes in the core central region moderated, recording an increase of 0.2% in Q3, lower than the 0.6% rise in the previous quarter.
This was the highest rate of increase this year compared to the 0.1% drop in the first quarter and the 0.4% increase in the second quarter.
The increase in Q3 was led mainly by the mass market segment where prices rose 1%, compared to the 0.5% increase in the previous quarter.
Prices also rose at a faster pace for homes in the city fringe. They were up by 0.7% in Q3, compared to the 0.4% rise in Q2.
Meanwhile, prices of homes in the core central region moderated, recording an increase of 0.2% in Q3, lower than the 0.6% rise in the previous quarter.
Source: Channel News Asia
So are prices going to run rampant again? We'll let you know as soon as we do...
P/S: Happy Birthday to the wife!
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