Apartments give slight recovery to property index

In the first quarter of 2010, the All-Property Price Index stood at 157.59, a rise of 0.38 per cent compared to the corresponding period last year.

In the first quarter, the All-Property Price Index increased by 0.38 per cent. This primarily reflected an increase of 2.08 per cent in the apartments index, compared to the corresponding quarter last year. However, when compared to 2008, prices went down by 2.46 per cent.

The All-Transactions Volume Index showed that the number of transactions in the first quarter of 2010 increased by 3.93 per cent when compared to the corresponding period in 2009.