Condo resale prices slip 0.3% in Feb: SRX

Singapore

RESALE prices of private condominiums and apartments in Singapore dipped 0.3 per cent in February 2016, after increasing 0.8 per cent in January.

It was dragged down by a 0.8 per cent price fall in the suburbs, and led property consultants to call January a "blip".

ERA Realty key executive officer Eugene Li blamed monthly fluctuations, aggravated by reduced market activity.

R'ST Research director Ong Kah Seng said January's price increase was but a "blip" following a quiet December.

"The general trend for completed property prices is still a marginal downward trend due to the enduring impact of the TDSR (total debt servicing ratio) which constrains (the obtaining of) large property…