Resale prices of non-landed private homes in Singapore slide in September

Resale prices for non-landed private homes fell 0.9 per cent in September 2016 from August to their lowest level in 50 months since July 2012, data from SRX Property on Tuesday morning showed.

SRX said prices in the city fringe fell 1.3 per cent while those in the suburbs tumbled 1.5 per cent from the previous month.

However, city centre prices rose 0.6 per cent in September from the preceding month.

It said an estimated 683 non-landed private residential units were resold in September, a 17.7 per cent drop compared with 830 units resold in August 2016.