Non-landed private home resale prices flat in May: SRX

RESALE prices for Singapore non-landed private residences stayed flat in May from April while volumes increased, according to flash estimates by the Singapore Real Estate Exchange (SRX).

The resale price index is expected to stay at 167.3 in May, unchanged from April and down 2.8 per cent year-on-year, according to SRX, which was formed by inputs from real estate agencies. Resale volume is forecast to be 543 units, up 4.2 per cent from April and 33.1 per cent higher than the year-ago volume.

Prices in the core central region were seen to fall 1.2 per cent month-on-month. The rest of the central region, however, saw prices increase by 0.8 per cent, while prices outside the central region gained 0.3 per cent.

The number of buyers who paid more than SRX's estimate of a property's value matched those who paid below SRX's valuation.