SRX resale condo price index up for 5th consecutive month

Singapore

RESALE prices for condominium units and private apartments posted their fifth consecutive month-on-month gain in December, based on the latest flash estimates from property portal SRX Property.

Its overall resale price index for non-landed private homes went up 0.4 per cent in December over November, the same pace as November's revised rate, said SRX Property. It had earlier estimated a month-on-month price increase of 0.5 per cent for November.

December's price gain was led by a 0.6 per cent month-on-month appreciation in the price index for the city-fringe or Rest of Central Region (RCR). The respective price indices for the prime area or Core Central Region (CCR), and the suburbs or Outside C…