01 Apr '11, 4pm

Analysts' views on prices of non-landed private homes in suburban areas

Analysts' views on prices of non-landed private homes in suburban areas

SINGAPORE : Prices of non-landed private homes in suburban areas have picked up the fastest in the first quarter this year. Flash estimates from the Urban Redevelopment Authority (URA) showed that price increases in suburban homes beat the overall private property price index, which rose 2.1 per cent to 198.8 points in the quarter. Analysts said that suburban condominiums may continue to see price increases of around 2 per cent in the coming quarters. Buying a suburban private home might still be more expensive. Analysts said the demand in that region is much more resilient than they have anticipated, leading to strong price growth. Property prices in the suburban areas were up by 3.1 per cent in the first quarter, compared to the 2.1 per cent rise in the fourth quarter of last year. This is followed by prices in the city fringe areas which grew 2.2 per cent. And in compar...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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