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SINGAPORE’S private property market is off to a strong start this year, with new-home sales in January coming in at a record-setting pace. The Urban Redevelopment Authority (URA) said yesterday that 1,476 new homes were sold last month, sharply higher than the 481 units sold in December and 601 sold in November. It is also the first [...] They rose 7.3% in Q4, while HDB resale prices also continued to climb Private home prices continued their ascent in Q4 last year, climbing an estimated 7.3 per cent from the previous quarter. This sent prices for 2009 up 1.7 per cent from a year ago, defying bleak prognoses of double digit falls when the financial [...] The third quarter saw a strong surge in Singapore’s private residential market, as transaction volumes rose 20 per cent over the previous quarter. Property consultancy Savills said some 11,000 units were sold between July and September, mostly in the mass market and mid-tier sectors. Projects such as The Gale at Flora Road, Hundred Trees at West Coast [...] |
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