01 Jul '11, 8am

Property price rises in 2Q: HDB, private sectors

Property price rises in 2Q: HDB, private sectors

HDB flat prices in the second quarter of 2011 rose by 2.9 per cent to a record, according to initial estimates by the Housing Board. -- ST PHOTO: ALPHONSUS CHERN HDB flat prices in the second quarter of 2011 rose by 2.9 per cent to a record, according to initial estimates by the Housing Board. The increase is the fastest since the third quarter of 2010. Resale flat prices in the first quarter had risen by 1.6 per cent from the fourth quarter of 2010. Prices of private homes, on the other hand, increased at a slower pace in the second quarter. The Urban Redevelopment Authority's residential price index climbed by 1.9 per cent during the quarter - which are mostly based on transaction prices given in caveats lodged during the first 10 weeks of the quarter. This is slower than the 2.2 per cent growth in the first quarter. It is also the seventh consecutive quarter in which th...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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