Nov condo resale prices reverse 3 months of slide with 0.2% gain

Singapore

RESALE prices of private non-landed homes in Singapore increased in November, following three straight months of declines after property cooling measures were introduced in July, flash estimates by real estate portal SRX Property showed on Tuesday.

Condominiums and private apartment resale prices strengthened by 0.2 per cent last month from October. This follows a 0.3 per cent drop in October, a figure revised from an earlier estimated decline of 0.4 per cent.

Before August, resale prices had an unbroken 12-month run to new highs. Now, year-on-year, they are still up by 8.8 per cent from November 2017, but are down 0.7 per cent from their peak in July when the additional pr…