Property prices in Singapore edged closer towards a new record high in the first quarter despite government tightening measures, the Associated Press reported Friday.
According to numbers from the Urban Redevelopment Authority, private residential property prices rose 2.1 per cent Q1 2011, down from 2.7 per cent growth in Q4 2010.
The URA said that property prices have climbed for seven straight quarters and jumped 18 per cent last year after falling 25 per cent in the 12 months up to mid-2009.
THe Housing Development Board said prices of public housing apartments where about 80 per cent of Singaporeans live rose 1.6 per cent in Q1 2011.
According to numbers from the Urban Redevelopment Authority, private residential property prices rose 2.1 per cent Q1 2011, down from 2.7 per cent growth in Q4 2010.
The URA said that property prices have climbed for seven straight quarters and jumped 18 per cent last year after falling 25 per cent in the 12 months up to mid-2009.
THe Housing Development Board said prices of public housing apartments where about 80 per cent of Singaporeans live rose 1.6 per cent in Q1 2011.
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