Singapore's public housing resale prices, which track the transitions in secondary market, recorded a quarterly rise of 2 percent in the third quarter, the city-state's Housing and Development Board (HDB) said on Monday.

The figure was in line with the flash estimate released earlier this month. It was the fastest rise ever since last Q3. According to earlier official data, the resale prices rose by 1.3 percent in this Q2, following the 0.6 percent climb in Q1.

However, the resale transactions fell by about 6 percent from 7, 011 cases in Q2 to 6,560 cases in this quarter.

As for the resale price index for the first three quarters of this year, the growth rate was 3.9 percent, which is lower than the annual growth rate of 14.1 percent in 2010, and 10.7 percent last year, the HDB said in a statement.

The HDB has recently further ramped up public housing flat supply by announcing that its government-built new flat supply for this year will be increased by 2,000 units to 27,000, in order to meet housing demand, especially from first-time home buyers. This is the largest supply ever in a year. Endi

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