Prices of private homes in Singapore jumped 7.3 percent in Q4 last year, compared to a 15.8 percent increase in the third quarter.
For the whole of 2009, private home prices climbed 1.7 percent, rebounding from the 4.7 percent slump in 2008, according to estimates by the Urban Redevelopment Authority that were released on Monday.
The estimates also showed that prices of non-landed private homes in the city surged 7.1 percent, while there was a 9.5 percent increase in prices in the city fringe areas and 5.8 percent in the suburban areas.
The URA data is compiled based on caveats lodged in the first ten weeks of the quarter. It will release its update after four weeks.
Last year’s home prices are expected to hit the 14,800 units sold in 2007, although home transactions have slowed since its peak in July, after the government implemented measures to cool off soaring property prices.
Additionally, HDB estimates for Q4 showed that HDB resale flat prices increased 3.8 percent compared to 3.6 percent in Q3, making it the highest jump for resale flats in 2009.