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Delicensed projects buoy CCR resale prices, volumes

SRX flash estimates for May show price sub-index for CCR up 4.7 per cent y-o-y, and volumes seeing uptrend

Kalpana Rashiwala

Published Tue, Jun 14, 2016 · 09:50 PM

Singapore property

Singapore

SRX Property's resale price sub-index for non-landed private homes in Core Central Region (CCR) in May 2016 was up 4.7 per cent from a year ago. Over the same period, its sub-index for the city fringe or Rest of Central Region (RCR) inched up 0.6 per cent while the sub-index for the suburbs or Outside Central Region (OCR) contracted 2.0 per cent.

The volume of monthly resale deals in CCR has also been rising steadily from 84 units in December 2015 to 88 units in January, 93 units in February, 133 units in March, 163 units in April and 232 units last month. OrangeTee's senior manager for research and consultancy, Wong Xian Yang, said CCR resale volumes were uplifted in May partly due to developer sales at OUE…