Singapore Q4 residential property prices rise

RTT News

Singapore’s residential property prices were up 7.3% sequentially in the fourth quarter compared with the 15.8% increase in the third quarter, the Urban Redevelopment Authority said Monday. For the year 2009 as a whole, the price index climbed 1.7%.

According to the flash estimates of the price changes in the three geographical regions, prices of non-landed private residential properties moved up 7.1% in Core Central Region, 9.5% in rest of Central Region and 5.8% in Outside Central Region in the fourth quarter. For the year 2009, prices in Core Central Region dropped 2%, while those in Rest of Central Region and Outside Central Region increased 3.1% and 11.2% respectively.

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