Although the private property’s price index in Singapore recorded a new high of 205.7, the 0.2 per cent growth is the lowest percentage increase per quarter since the financial crisis of 2008, PropNet reported on Monday.
The marginal increase of 0.2 per cent Q-on-Q, compared to the 1.3 per cent increase in the 3Q11 reflects a cautious market sentiment due to the uncertain global economic outlook and the Additional Buyer’s Stamp Duty (ABSD) implemented on December 8. Full story
