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Singapore: Bright end to the year for property market

Posted on 10 December 2012

The year looks like it is ending with a flourish for the property market, with turnover up and condominium resale prices already at a historic high. The only weak spot is rentals, which have weakened in the wake of increased supply and job cuts among global firms.
Condo resale prices rose overall to $1,222 per square foot (psf) on average for October and November, according to the Singapore Real Estate Exchange (SRX) on Friday. This is 5.4 per cent up on the $1,159 psf average recorded during the third quarter this year………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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