Resale Prices for private homes rose month-on-month, but drop year-on-year

Resale prices of non-landed private homes in August rose 0.4 per cent month-on-month, according to flash estimates from the Singapore Real Estate Exchange (SRX) on Monday (Sep 8).

Still, when compared with August 2013, resale prices of non-landed private homes have dropped 5 per cent. Compared with the recent peak in January 2014, prices have declined 5.3 per cent, SRX said.

Resale prices of private homes in the Core Central Region rose the most last month, rising 4.8 per cent compared with July. In the Rest of Central Region, prices were up 1.5 per cent. In comparison, resale prices in Outside of Central Region fell 1.1 per cent.

Resale volume remained flat, with 418 non-landed private homes resold in August, similar to the 417 transacted units in July.


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