28 Mar '11, 9pm

Cooling measures taking effect, say analysts: Meanwhile, real estate services firm DTZ pointed out t... #realestate

SINGAPORE - Figures released yesterday appear to show that the Government's property cooling measures, the last round announced in January, have started to take effect. The NUS Private Residential Price Index, which tracks month-on-month price movements of private, non-landed residential properties, fell 0.4 per cent compared with January, with prices in non-central areas falling 1.5 per cent. Prices of central area properties, however, continued to gain, rising by 1 per cent. Analysts said the fall, although small, does show some impact of the cooling measures. Mr Liang Thow Ming, head of residential services at Credo Real Estate, said that the overall decline was too marginal to confirm a trend. "But in a way, it does suggest that the market has taken a breather, as compared to how it was behaving last year and in January this year," he said. The cooling measures announc...

Full article: http://www.todayonline.com/Business/EDC110329-0000066/Coo...

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