Analysts take heart in SRX condo resale data for September

Singapore

SRX Property's flash estimates for September showed its overall resale price index for non-landed private homes inching up just 0.1 per cent over August while transaction volumes shrank 10.9 per cent. However, market watchers shrugged off slower sales as the Hungry Ghost Month effect.

ZACD Group executive director Nicholas Mak said the 142-unit decline in SRX's estimated resale volume for non-landed private homes to 1,162 units in September from August's 1,304 units is not alarming as the September figure is about the same as in June and July this year. This year's Hungry Ghost festival ended on Sept 19.