Singapore Real Estate Prices Skyrocket
Singapore’s private property market is booming, and the rising prices have not dissuaded Singaporeans and foreigners alike from snapping up prime real estate.[…]
Private residential property prices in the ultramodern city-state have been escalating recently. Several new projects away from the city centre are being priced 50 per cent more than what they would have fetched a year ago, led by strong interest in high-end homes, according to Li Hiaw Ho, executive director of real estate firm CB Richard Ellis Research.[…]
On the broader market, private property prices in Singapore rose 4.6 per cent from the fourth quarter after rising 3.8 per cent quarter-on-quarter in the last three months of 2006.[…]
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