Singapore property prices rise to record high

[Watchman]

Singapore property prices rise to record high
Jan 3, 2011 3:17 PM GMT+0800
By The Associated Press

<=== http://www.bloomberg.com/news/2011-01-03/singapore-property-prices-rise-to-record-high.html


SINGAPORE (AP) — Singapore says housing prices edged up to a fresh record high
in the fourth quarter as the city-state's economy surged almost 15 percent last year.

The Urban Redevelopment Authority said Monday in a statement that private
residential property prices rose 2.7 percent in the October-to-December period,
down slightly from 2.9 percent growth in the third quarter.

The URA said property prices have advanced six straight quarters and jumped
18 percent last year after plunging 25 percent in the 12 months to mid-2009.

The URA did not released prices of public housing apartments, where about 80
percent of Singaporeans live.

 

[Watchman]

There is no stopping . Private apartments will cost up to 3 million .