04 Jan '12, 12am

Private property prices expected to fall in coming months, say analysts:

SINGAPORE - Despite the property market still not feeling the full impact of the latest cooling measure, flash estimates showed prices of private homes were almost flat - rising by just 0.2 per cent - between October and December last year. In a press release yesterday, the Urban Redevelopment Authority noted: "The rate of increase in private residential property prices has continued to moderate for the ninth consecutive quarter". The 0.2-per-cent increase in the fourth quarter was in contrast to a 1.3-per-cent rise in the previous quarter. With buyers adopting a wait-and-see attitude, property analysts Today spoke to pointed out that the estimates do not reflect the impact of the recent cooling measure, which has been described as the harshest yet. Which is why some of them felt that prices of private homes could fall - for the first time since 2009 - in the coming months...

Full article: http://www.todayonline.com/Hotnews/EDC120104-0000056/Priv...

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