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Singapore condo resale prices unchanged in April: SRX Property

Tuesday, May 9, 2017 - 10:22

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

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.

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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.

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