04 Jan '12, 12am

Private home prices in Singapore may have peaked, say property experts

Private home prices in Singapore may have peaked, say property experts

Private home prices, which have been defying gravity for the past two years, finally seem to be close to their turning point, inching up by just a smidgen in the three months to December. --ST PHOTO: ALPHONSUS CHERN By Esther Teo, Property Reporter Private home prices, which have been defying gravity for the past two years, finally seem to be close to their turning point, inching up by just a smidgen in the three months to December. Flash estimates released by the Urban Redevelopment Authority (URA) on Tuesday showed prices rising just 0.2 per cent in the fourth quarter last year, down from a 1.3 per cent gain the quarter before. Experts note that while this brings home prices to a new high, it is the smallest quarterly growth since the market bottomed out in the second quarter of 2009 and could signal that the market has peaked or is close to doing so. A series of market ...

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

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