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Singapore's property prices continue to rise in 2Q
Date: 2010/7/6 Click: 1844
SINGAPORE, July 1 (Xinhua) -- Singapore's property market continued to grow with both government-built flats and private houses prices rising in the second quarter, government data showed on Thursday.

Prices of government-built resale flats have continued to rise in the second quarter. According to the government's flash estimates, prices rose 3.8 percent in the second quarter, compared to the first three months of this year. It's the fifth consecutive quarter of price increase.

Meanwhile, the private residential property price index showed that prices rose from 175.0 points in the first quarter to 184.1 points in the second quarter this year. This represents an increase of 5.2 percent, compared with 5.6 percent in the previous quarter.

The government said it will ensure that there is an adequate supply of new flats to meet housing demand.
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