HDB Resale Prices hit record high in second quarter?

From Straits Times, HDB resale price rise 1.2% and reach a record high, although there was slight 0.8% dip in first quarter! And private home prices dip 5.9%, at a lower rate than 14.1% fall in first quarter. The reason given at article are economic recovery signs, higher HDB valuations, and 42% smaller supply. I also agree with the reason: new immigrants.

But it seems different with my own perception, even tonight, when I encountered an agent, he just said now the price even lower.

If the data is really more credible than perception, then we should have more confidence that the crisis is passing away, the world economy is recovering from bottom or even better, at least in Asia.

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