Non-landed private residential resale prices up 0.9% in June: SRX Property

NON-LANDED private residential resale prices rose 0.9 per cent in June from May, continuing their gradual recovery since October, flash estimates from SRX Property shows.

The uptick in June was led by the Core Central Region (CCR) and Outside Central Region (OCR) which registered 1.3 per cent and 1.1 per cent respectively, while the Rest of Central Region (RCR) index was flat in June.

From a year ago, resale prices were 2.2 per cent higher, also led mainly by the CCR and RCR regions. But prices were still down 4.4 per cent from the peak in January 2014.

An estimated 1,065 non-landed resale units were transacted in June, a 12.5 per cent decrease from the estimated figure in May. But resale volumes were a significant 51.1 per cent increase from a year ago, SRX Property figures show.