House price rises slow in Singapore
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During the year to Q4 2012, Singapore’s private residential property price index rose 2.8%, according to the Urban Redevelopment Authority (URA). In contrast, when adjusted for inflation, the property price index actually fell by around 1.1% over the same period.
Landed terrace (+5.02% nominal) and non-landed apartments (+5.30% nominal) enjoyed relatively good growth, while non-landed condominums were weaker (+0.98% nominal), based on the figures from URA.
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