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Resale home prices defy expectations, inch up in November

Published on Dec 28, 2012 6:57 PM
 
File phto of HDB flats in Hougang Central. Defying expectations, price rises for resale non-landed homes last month were the strongest so far this year, buoyed by a rebound in the high-end segment. -- ST PHOTO: ALPHONSUS CHERN

DEFYING expectations, price rises for resale non-landed homes last month were the strongest so far this year, buoyed by a rebound in the high-end segment.

The 1.9 per cent rise in prices across the board from October came despite traditionally slow festive period and a sixth round of cooling measures in October.

The latest rise comes on the back of a 0.8 per cent gain in October, indicating that the fourth quarter could well be the strongest three month period this year.

The increases were recorded by the Singapore Residential Price Index (SRPI), which the National University of Singapore compiles by monitoring the transactions of non-landed completed projects.

 
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