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Singapore private property prices up 1.8% in 4th quarter, 2.8% higher in 2012

Published on Jan 25, 2013 9:05 AM
Potential buyers at Qbay’s showflat during the first day of preview sales on 18 Jan 2013. The Tampines project sold 315 units. -- ST PHOTO : CHEW SENG KIM

Detailed Urban Redevelopment Authority (URA) data showed that private home prices were 1.8 per cent higher in the fourth quarter of last year.

For the year, prices rose 2.8 per cent compared with 2011.

Prices of non-landed homes in the suburban areas showed the sharpest increase in the fourth quarter, rising 3.8 per cent.

Supply is high. At the end of last year, there are 86,475 uncompleted private homes.

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