Singapore's new residential real estate price index shows that property prices edged up 0.2% in February after increasing 2.2% in January. The rise comes on the back of a 22.2% increase in 2009, putting the index's current value just 0.4% below its peak in November 2007.The much awaited new SRPI index, which is compiled by the Institute of Real Estate Studies at the National University of Singapore, tracks month-on-month price movements in the private non-landed residential property market using a basket of 364 completed projects. Full Story
