01 Apr '11, 9am

Singapore property prices rise to record high: Singapore's housing prices inched higher to a fresh record high i...

Singapore's housing prices inched higher to a fresh record high in the first quarter even as the government implemented measures in a bid to cool the market. The Urban Redevelopment Authority said Friday that private residential property prices rose 2.1 percent in the January-to-March period, slowing from 2.7 percent growth in the fourth quarter. The URA said property prices have advanced seven straight quarters and jumped 18 percent last year after plunging 25 percent in the 12 months to mid-2009. The Housing Development Board said prices of public housing apartments, where about 80 percent of Singaporeans live, rose 1.6 percent last quarter.

Full article: http://sg.news.yahoo.com/singapore-property-prices-rise-r...

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