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Home prices up 0.62% in January
It marked a 10.8% YoY spike.
Maybank Kim Eng reports that the private home price index in the first month of the year rose 0.62% to 309.0 from December, extending a 10-month climb, according to data compiled by the Rating and Valuation Department.
"The January figure marked a 10.8% YoY spike. The home price index for small and medium units, those sized below 430 square feet, rose 0.6% MoM to 310.3 in January. The home price index for large units, sized between 750 sq ft to 1,075 sq ft, grew 0.7% MoM to 281.4, the data shows."
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