28 Nov '12, 1pm

Private resale home prices continue to rise in October

Private resale home prices rose by 1 per cent in October, marking a similar rate of increase seen in September. The figures are part of the latest Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at the National University of Singapore (NUS IRES). In its report, NUS IRES said that property cooling measures have had “transient effects” on housing prices. However it acknowledged that the measures have helped reduce volatility in prices. It also added that there has been no significant decrease in overall home prices despite the introduction of new measures in October to cap tenures for bank property loans. The SRPI also showed that the number of private resale homes sold in October rose compared to the month before, based on data captured as at 21 November. The report also found prices of small units to be more volati...

Full article: http://lushhomemedia.com/2012/11/28/private-resale-home-p...

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