Saturday, April 29, 2006
Private home prices up 1.5% in Q1, fastest rise since recovery in 2004
Private home prices rose 1.5 percent in the first three months of 2006, the fastest acceleration since the recovery of the residential property market in the second quarter of 2004.
The numbers match flash estimates released at the end of last month.
Analysts attribute the improvement to the strength in the high-end market such as Orchard Road and Marina Bay - which was bolstered by foreign buying.
But prices for HDB flats rose at a slower pace in the first quarter, climbing 0.2 percent to March this year compared to 0.4 percent in the fourth quarter last year.
The number of HDB flats also slowed to 7,039 units in the first quarter from the 8,490 units in the preceding quarter. - CNA/ir
The numbers match flash estimates released at the end of last month.
Analysts attribute the improvement to the strength in the high-end market such as Orchard Road and Marina Bay - which was bolstered by foreign buying.
But prices for HDB flats rose at a slower pace in the first quarter, climbing 0.2 percent to March this year compared to 0.4 percent in the fourth quarter last year.
The number of HDB flats also slowed to 7,039 units in the first quarter from the 8,490 units in the preceding quarter. - CNA/ir
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// posted by Shajahan @ 10:12 AM 