Source : The Straits Times, Jan 21, 2008
WHAT IT IS
THE Urban Redevelopment Authority (URA) and the Housing Development Board (HDB) will release a slew of figures on Friday covering property sales, rentals and prices for all of last year.
Flash estimates earlier this month indicated that while demand for homes soared for most of last year, it slowed sharply towards the end.
WHY IT MATTERS
All eyes are on the housing market, which has become subdued in recent months amid the stock market turmoil and portents of a United States recession.
Developers and home buyers alike are now waiting with bated breath for signs that there is still an upside to the local property market.
Official figures will make it easier to analyse whether the year-end slowdown was a temporary seasonal blip or the first sign that the party is truly over.
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