On a month-on-month basis, nominal growth in house prices was up about 7% in March. Real month-on-month growth of 9% was recorded in February. |
Rentals are now being reviewed quarterly. Depending on when one's quarter ends, many tenants had their rents reviewed by between 60% and 80%. |
The average increase for residential property prices was about 25% in the first quarter. A significant movement was witnessed in the medium density areas. |