03 Jan '12, 4am

HDB resale flat prices up 1.7% in fourth quarter

The resale price index for the fourth quarter of 2011 increased by 1.7 per cent over the last quarter, announced the Housing Board on Tuesday. This is lower than the 3.8% increase seen in the previous quarter. -- ST PHOTO: STEVEN LEE CT By Jessica Cheam Price rises of resale Housing Board (HDB) flats have moderated in the final quarter of last year, rising 1.7 per cent compared to the 3.8 per cent rise seen in the third quarter. This comes after two quarters of accelerated prices rises - since the second quarter of last year when prices rose 3.1 per cent, compared to 1.6 per cent seen in the first quarter. Analysts have expected the market to cool somewhat in light of the global economic uncertainty and moves by the government to cool Singapore's property market by imposing heavy stamp duties on residential transactions. The HDB's estimate released on Tuesday brings the HD...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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