Property prices in Singapore recover after disastrous start to 2009, report shows

[Nicholas Wallwork]

Residential property prices in Singapore increased 7.4% in last three months of 2009 as the*property market made a quick recovery from a nightmarish start to the year, the latest published*figures show.

This followed the previous quarter's increase of 15.8%, a turnaround from a fall of 18% in the*first half of 2009, leaving the annual price increase at 1.8%, said the Redevelopment Authority.

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