By Fiona Chan

HOUSE hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

Although overall private home prices are still some 15 per cent below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit.

According to the Urban Redevelopment Authority's (URA's) latest estimate, released last week, prices of suburban private homes are just 3 per cent shy of their peak levels in the second quarter of last year.

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