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0.6% rise in SRX resale condo price index draws divided views

One view is that prices this year have hit an inflection point; another is that overall prices have not bottomed out yet

Kalpana Rashiwala

Published Thu, Feb 11, 2016 · 09:50 PM

Singapore property

Singapore

A 0.6 PER CENT month-on-month increase in SRX Property's flash estimate for its resale price index for non-landed private homes in January has drawn varying views on the outlook for this market.

Savills Singapore research head Alan Cheong said it could suggest that 2016 is a year which captures the inflection point, price wise. However, ERA Realty key executive officer Eugene Lim argued that the overall price trend for the year is still downwards.

SRX Property's January flash estimate translates to a year-on-year drop of 1.7 per cent, as well as a fall of 7.2 per c…