Singapore condo resale prices unchanged in April: SRX Property

RESALE prices of non-landed private homes in Singapore were flat in April compared to March 2017, flash estimates from SRX Property show.

This came amid mixed showing across regions, with the city-fringe (Rest of Central Region) and suburban areas (Outside Central Region) putting up a 1.2 per cent and 0.1 per cent increase respectively, and the prime region or Core Central Region (CCR) posting a price decrease of 1.2 per cent during the month.

Compared to a year ago, resale prices of these private non-landed homes were 1.8 per cent higher on the back of broad-based year-on-year increases across regions, led by the CCR.

SRX Property has revised the price increase for March to 0.8 per cent from the flash estimate of 0.5 per cent.

There were also fewer resale transactions involving non-landed private homes in April than in March. The difference was 21 per cent, based on the estimates of SRX Property that counted 907 resale transactions for April.

Compared to a year ago, the resale volume in April was 48 per cent higher.