SRX private resale data shows early impact from latest property curbs

Singapore

THE latest property cooling measures have begun to hit the private resale market, going by the first market-wide snapshot since the curbs kicked in on July 6.

Real-estate portal SRX Property's flash estimates for July, released on Tuesday, showed that resale prices of condominiums and private apartments rose 1 per cent month on month to a new six-year high; this made for 12 months of uninterrupted rise. Compared to July 2017, resale prices are up by 12.3 per cent, and have climbed 9 per cent so far this year.