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Sunday, March 27, 2011

Housing Sector in Singapore Only Getting Hotter

The Jakarta Globe, 27 Mar 2011Private home prices in Singapore rose 17.6 percent last year despite government attempts to cool the market in February and August. Resale prices of HDB apartments that house more than 80 percent of the population gained 14 percent.The city-state’s median household income rose a much smaller 3.1 percent, or 0.3 percent after adjusting for inflation, to S$5,000 a