The official private home price index slipped 5.7 per cent in fourth quarter 2008 over the preceding quarter, following a 2.4 per cent quarter-on-quarter fall in Q3.
For the whole of 2008, the index slipped 4.3 per cent over the preceding year, according to flash estimates released by Urban Redevelopment Authority on Friday.
In the public housing segment, Housing & Development Board’s resale flat price index rose 1.5 per cent in fourth quarter 2008 over the preceding quarter.
This was slower than the 4.2 per cent quarter-on-quarter rise in Q3 2008. For the whole of 2008, the resale flat price index posted a 14.6 per cent gain.
Source : Business Times - 2 Jan 2009
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