Private residential property prices in Singapore are continuing to rise with values increasing in the second quarter of the year and sales increasing, the latest figures show.Average prime and central capital values increased by 8% and 7.6% respectively on the back of encouraging sales volumes, according to a new report from international consultants Jones Lang LaSalle.
The prime real estate market saw average capital values for typical prime properties reaching $1,350 per square foot, surpassing the last peak for the first time. But while average capital values for luxury prime properties reached $2,500 per square foot, they are still some 8.4% below peak. Full Story
