Singapore private homes resale prices dip 0.3% m-o-m in September, but volume up 15.3%: SRX

Published Tue, Oct 14, 2014 · 02:49 AM
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RESALE prices of non-landed private homes dipped 0.3 per cent in September compared to August, according to SRX Property on Tuesday.

The drop was driven by suburban (Outside Central Region, or OCR) homes which reported a 2.1 per cent fall in resale prices.

In contrast, resale prices in the city area (Core Central Region, or CCR) and city fringe (Rest of Central Area, or RCR) went up by 0.9 per cent and 2.9 per cent respectively.

Resale volume rose by 15.3 per cent, with about 468 non-landed private homes changing hands in the secondary market in September. This compared with 406 transacted units in August.

On the leasing front, rental volume decreased by 14 per cent to about 3,171 homes rented in September. This coincided with a 0.2 per cent decline in rental prices, led by properties in the suburbs (down 0.9 per cent) and city fringe (down 0.6 per cent).

Only city condos and apartments bucked the trend with a 0.3 per cent uptick in rents.

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