Private home resale prices nearly flat, transactions rise 31% in March: SRX

NON-LANDED private residential resale prices dipped 0.2 per cent in March 2015, compared to February, but resale volume rose 31 per cent from a low base.

City centre and suburban condominiums saw price falls of 0.3 per cent and 0.4 per cent respectively, while prices in the city fringe bucked the trend to increase by 0.4 per cent.

This was according to flash figures released by SRX Property on Tuesday.

Year-on-year, prices have fallen 3.9 per cent from March 2014. (Meanwhile, the price change in February 2015 has been revised from no change to a 0.4 per cent decrease.)

Resale volume rose. About 440 non-landed private residential units were resold in March, a 31 per cent increase, but that was from a low base of just 336 units resold in February.

Still, year-on-year, resale volume was 18.6 per cent higher than the 371 units resold in March 2014.