Singapore property prices have reached a record high in the third quarter, as the country’s economy booms following the recession period last year.Private residential prices increased by 3.1% within three months after July, down from 5.3% growth in the second quarter, said the Urban Redevelopment Authority.
Prices of public housing apartments, accommodating about 80% of Singaporeans, rose 4% last quarter. Additionally, private property prices leapt 5.6% in the first quarter and 7.4% in the fourth, bouncing back after declining 25% within the period of 12 months to mid-2009. Full story
