Singapore’s private residential property prices rose 15.8% in the third quarter of 2009, the first increase in more than a year, the Urban Redevelopment Authority said in a statement on its website today.
Those of office, shop and industrial properties decreased by 2.1%, 1.2% and 2.1% respectively.
Rentals of private residential, office, shop and industrial properties decreased by 2.2%, 4.1%, 0.9% and 3.1% respectively in the third quarter.
The rates of fall of rentals for all property types in the third quarter have moderated compared with the respective rates of fall in the second quarter of 2009.
