The island state’s private residential property price index rose 1.8 percent to 211.90 points in the three months ended Dec. 31, according to preliminary estimates released by the Urban Redevelopment Authority today. The index advanced 0.6 percent in the previous quarter, which was also at a record. Prices rose 2.8 percent in the year compared to a 5.9 percent gain in 2011, data from the Authority showed.
Prices of non-landed private residential properties increased 0.8 percent in the prime districts in the quarter, today’s data showed. In suburban areas, prices climbed 3.4 percent. Full story