Resale prices of non-landed private homes up 0.3% in March: SRX

PRICES of non-landed private homes in the resale market inched up 0.3 per cent last month, compared with February, SRX Property estimates.

This was buoyed by the Rest of Central Region (RCR) and Outside Central Region (OCR), which posted 0.1 per cent and 1.3 per cent price increases respectively. Resale prices in the Core Central Region (CCR) however slipped 1.7 per cent last month.

For the overall resale non-landed private market, SRX Property revised its estimate for February from a price decline of 0.3 per cent to a deeper fall of 0.6 per cent.

Based on its estimates, resale volume of non-landed private residential transactions jumped 47.6 per cent from a month ago to 577 units in March.