Kamis, 24 Januari 2013

This just in: 4Q 2012 home prices rose 1.8%

Private home prices rose 1.8% in the fourth quarter of 2012, compared to a 0.6% increase in the previous quarter.

But for the whole year of 2012, prices of private residential properties increased by 2.8%, a smaller rise compared to the 5.9% growth recorded in 2011.

The Urban Redevelopment Authority (URA) on Friday said that prices of non-landed properties outside the central region rose 3.8% in the fourth quarter, compared to an increase of 1% in the third quarter.

Prices of non-landed properties in the core central region edged up 0.7% in Q4. For the rest of the central region, prices increased 0.9%.

Rentals of private homes climbed 0.7% in Q4. For the full year, private home rentals rose 2.1%, compared with the 3.8% increase in 2011.
Source: Channel News Asia

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