http://www.straitstimes.com/Breaking...ry_660944.html
Apr 25, 2011
Private, public housing prices up 2.2%, 1.6%
By Lai Han-Wei and Tony Ng
OVERALL prices of private residential properties rose 2.2 per cent in the first quarter of 2011, according to figures released by the Urban Redevelopment Authority (URA) on Monday, making it the sixth consecutive quarter where the rate of increase in private housing prices had moderated.
Prices of non-landed properties increased by 1.7 per cent in the first quarter of 2011, compared with the 1.8 per cent increase in the previous quarter.
For the same period, prices of landed properties went up by 3.9 per cent, compared with the 5.5 per cent increase in the previous quarter.
On the public housing front, resale prices of HDB flats have gone up by 1.6 per cent - or a 2.8 per cent increase in the HDB Resale Price Index - for the first quarter of this year, said the Housing and Development Board (HDB) in a statement released on Monday.
This is lower than the 2.5 per cent in the previous quarter.
Resale transactions fell by 4 per cent to 6,545 cases quarter-on-quarter while the proportion of resale cases completed above valuation were at 96 per cent. However, the median cash-over-valuation for this period fell by $2,000 to $21,000.