02 Jul '11, 12am

New figures show HDB flat prices in Q2 rose at their fastest clip since Q3 of last year.

New figures show that HDB flat prices in the second quarter rose at their fastest clip since the third quarter of last year. -- ST PHOTO: ALPHONSUS CHERN NATIONAL Development Minister Khaw Boon Wan has his work cut out to meet demand for public housing - while tempering prices - given new data about the red-hot market. New figures show that HDB flat prices in the second quarter rose at their fastest clip since the third quarter of last year. According to preliminary estimates, the Housing Board resale price index in the second quarter rose by 2.9 per cent to a fresh record from the previous quarter. Resale flat prices in the first three months of the year rose 1.6 per cent in comparison. Prices of private homes, on the other hand, increased at a slower pace in the second quarter. The 1.9 per cent gain in the private residential property price index is the seventh consecuti...

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

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