31 Mar '11, 1am

So is this good or bad?

SINGAPORE - Strong demand from mainland Chinese buyers helped Singapore private home prices edge higher in the first quarter of 2011, despite government efforts to cool the market, property consultants Jones Lang LaSalle (JLL) said on Wednesday. RELATED STORIES » 33% of resale homes bought by foreigners » China buyers home in on Singapore properties » $36 million Sentosa Cove home sale of Chinese buyer still valid? » Who lives in S'pore's good class bungalows? » New measures to cool Singapore's property market » Housing is Singaporeans' top issue The average value of non-prime private apartments in Singapore reached a record high of S$1,043 per square foot in the first quarter, exceeding the previous high of S$1,020 psf in the last three months of 2010, JLL estimates. Singapore, like Hong Kong, has found it difficult to keep a lid on property prices due to the surge in glo...

Full article: http://www.asiaone.com/Business/My%2BMoney/Property/Story...

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