PRIVATE home prices shot up 15.8 per cent in the third quarter, confirming the spectacular jump in the housing market flagged by earlier estimates.
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 The massive surge in home prices – the largest in 28 years – has not been matched by a corresponding leap in rents. — ST PHOTO: DESMOND WEE |
But the massive surge in home prices – the largest in 28 years – has not been matched by a corresponding leap in rents.
Rents of private homes continued their decline for the fifth quarter in a row, falling by 2.2 per cent in the third quarter, according to Urban Redevelopment Authority (URA) figures released yesterday.
Since the beginning of the year, private home rents have fallen 15.2 per cent. Prices are down only about 5 per cent for the year, after the third-quarter surge reversed four previous quarters of decline. Continue reading
Singapore Market Overview 3rd Quarter 2009 
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