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Singapore's residential property prices rose 7.4% sequentially in the fourth quarter compared with the 15.8% increase in the previous quarter, the real estate statistics issued by the Urban Redevelopment Authority showed Friday. For the year 2009 as a whole, private residential properties prices climbed 1.8%.
The report showed that prices of non-landed properties grew at a slower pace of 7.2%, following the 15.9% increase in the previous quarter. Prices of apartments were up 9.7%, while prices of condominiums gained 6.1%.
Further, increase in rentals of private residential properties was 0.6%, reversing 2.2% decline recorded in the third quarter. For the year 2009 as a whole, rentals of private residential properties dipped 14.6%.
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