Analysts expect sales of private homes to hit all-time highs in the city-state this year as global economic prospects improve
SINGAPORE’S private home prices rose by a whopping 15.9 per cent in the third quarter, reversing four straight quarters of decline.
Prices of non-landed private homes in the city fringes rose the most – by 19.1 per cent, according to flash estimates released by the Urban Redevelopment Authority on Thursday.
Rising in tendem were prices of Housing Board resale flats which rose 3.2 per cent in the third quarter.
The new city-fringe projects that sold well in the third quarter and contributed to the steep rise in the price index were Vista Residences, Parc Imperial, Ascentia Sky and Trevista, said CBRE Research.
Suburban home prices went up by 15.4 per cent while prices of city-centre homes rose 16.2 per cent.
These estimates are based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, supplemented by information on the number of new units sold.
Source : Straits Times – 1 Oct 2009
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