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Peak Private Home Prices

>> Saturday, July 3, 2010

Prices of private residential properties have crossed the peak reached in 1996 in the second quarter, according to flash estimates by the Urban Redevelopment Authority (URA).

The property peak of 1996 had been fomenting in 1994 and 1995, when home prices raced ahead of gross domestic product growth. However, the Government's anti-speculative measures and the Asian financial crisis reversed the rise in prices.

Will we being seeing a reverse again? Or will it continue to rise to new heights?

Posted by Lau at 2:16 PM
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