March condo resale prices flat, volume surges: SRX

Singapore

NON-LANDED private residential property resale prices dipped 0.2 per cent in March compared to February, but resale volume rose 31 per cent - from a low base and due to some seasonal fluctuations, analysts say.

These flash figures from the SRX non-landed private residential price index were released on Tuesday.

City centre and suburban condominiums saw price falls of 0.3 per cent and 0.4 per cent respectively, while prices in the city fringe bucked the trend to increase 0.4 per cent.

"This (anomaly in the city fringe) could be due to thin volumes and the types of properties transacted," said Wong Xian Yang, manager of research and consultancy at Orang…