4Q 2009 private residential property price index is out
URA has just launched their flash property price index for private residential properties. Guess what? It seems we are back to mid-2007 prices. Which of course leads us to say... what economic crisis?Property prices have risen 7.3% in the last quarter alone. The previous (3rd) quarter of 2009 had the sharpest increase of 15.8%. Looking at the chart in the URA report, it seems prices are back to the mid-2007 level.
Will the luxury market lead another property bull run in 2010 or will caution take over the exuberance we saw last year? We would love to hear your predictions for 2010's property market here.
Press release by URA here. Full report will be out in about 4 weeks.
Picture is the lovely Caribbean at Keppel Bay.
Posted on 04-01-2010 13:51 | By Yeo ZH
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