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Analysts take heart in SRX condo resale data for September

They're unfazed by m-o-m drop in Sept resale volume and find comfort in y-o-y showing

Based on SRX’s estimate, the September 2017 resale volume figure was 64.8 per cent higher year on year, suggesting that the market is on the mend and residential prices are likely to appreciate, says Lee Nai Jia, head of research at Edmund Tie & Co.


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...

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