05 Jan '12, 9pm

Home Business Property Private home prices, rents up but

SINGAPORE - Private home prices and rents in Singapore went up in 2011 from the previous year, despite the cooling measures that include imposing seller's stamp duty and reduction in loan-to-value limit, said property consulting firm DTZ. However, the growth is expected to have tapered off last month and is likely to continue falling this year, it said. "Historically, significant price falls have been triggered by external events that affect the economy rather than cooling measures. The projected economic slowdown in 2012 will thus have a more significant impact on buyer sentiment and consequently on demand and prices," said Ms Chua Chor Hoon, DTZ's head of Asia Pacific Research. In a report released yesterday, DTZ said the resale prices of leasehold condominiums in suburban areas rose 8.2 per cent from a year ago. This makes it the fastest-growing segment among non-landed...

Full article: http://www.todayonline.com/Business/Property/EDC120106-00...

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