Chart of the Day: Prices of luxury condos in Singapore rose to near pre-crisis peak

Average prices of posh homes in 3Q are just 6% cheaper than it was 5 years ago.

According to Savills data, the average unit price of luxury condos in Singapore was S$2,350 per sq ft in Q3/2012, a 2% rise QoQ from S$2,300 per sq ft, and a 9% increase year-on- year from S$2,156 per sq ft.

Compared with the peak price of S$2,495 per sq ft in Q4/2007, prices are still 6% lower in Q3/2012.

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