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Private home prices index up 1.2 per cent in 2013

SINGAPORE — The private residential property index fell 0.8 per cent in fourth quarter 2013, compared to the previous quarter’s 0.4 per cent increase, according to a statement by the Urban Redevelopment Authority (URA) today (Jan 2).

A general view of private condominiums in Singapore on March 15, 2013. Photo: Reuters

A general view of private condominiums in Singapore on March 15, 2013. Photo: Reuters

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SINGAPORE — The private residential property index fell 0.8 per cent in fourth quarter 2013, compared to the previous quarter’s 0.4 per cent increase, according to a statement by the Urban Redevelopment Authority (URA) today (Jan 2).

This brings the overall increase in prices for 2013 to 1.2 per cent, compared to 2012's 2.8 per cent.

Prices of landed private residential properties fell for the first time since the second quarter of 2009, by 1.2 per cent, after rising 0.3 per cent in the previous quarter, while prices for non-landed properties in suburban areas also decreased for the first time since the second quarter of 2009, the URA added.

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