I did some research that extends an existing residential property index diagram with more recent data. It shows the current index is the second highest following the historical peak 11 years ago.
Tuesday, October 2, 2007
Tracking of property index
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HDB resale prices shot up 6.6% in the 3rd quarter ended 30 Sept, taking their total rise this year to 11%. Flat owners will be cheered by the new data...
However, fewer HDB flats were sold in the quarter. The number of resale deals fell 11% to 7,700, after a 38% rise in the previous quarter.
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