Private condo resale prices fall 0.5% in July on 10% drop in volume: SRX
RESALE prices of private condominiums and apartments fell 0.5 per cent in July, after rising 0.7 per cent in June, SRX Property data showed on Tuesday.
By region, both the Core Central Region and Rest of Central Region (referring to the city fringe) recorded a price increase of 0.6 per cent and 0.4 per cent respectively, while the Outside Central Region (referring to the suburbs) price index fell by 1.9 per cent.
Year on year, prices in July were up by 2 per cent from a year ago.
Year to date, prices have increased 2.2 per cent.
Transactions wise, the resale volume fell by 9.7 per cent to an estimated 952 units resold in July. This compared to 1,054 units resold in June 2017.
Year on year, July's resale volume was 20.1 per cent higher compared to 793 units resold in July 2016.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million