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Singapore: Home prices rise in 2011 despite cooling measures

Posted on 06 January 2012

Private home prices and rents in Singapore rose in 2011 from the previous year despite cooling measures, said property consulting firm DTZ. The measures included imposing seller’s stamp duty and a reduction in loan-to-value limit.
In its report released on Thursday, DTZ said resale prices of leasehold condominiums in suburban areas increased 8.2 per cent on-year. This makes it the fastest growing segment among non-landed housing according to a basket of completed condominiums tracked by DTZ………………………………………..Full Article: Source

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