Cue entry of cooling measures.
OCBC Investment Research noted:
Overall private housing prices in Singapore accelerated to a 1.8% QoQ increase in 4Q12 (URA flash estimates), versus 0.6% in the previous quarter.
A major driver of the increase was due to a strong market in the mass-market segment (Outside Central Region – OCR) where prices accelerated to a 3.4% QoQ increase in 4Q12, compared to 1.0% in the previous quarter.
To cool the property market, authorities have implemented its most comprehensive set of property cooling measures since Sep 2009.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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