Resale condo prices ease again in Jan: SRX flash estimates

THE resale market for non-landed private homes continued to languish in January, SRX Property's latest flash estimates released on Tuesday show.

Its overall resale price index for non-landed private homes continued to slip month on month in January. The overall median transaction over X-value (TOX) remained at negative S$10,000. Resale volumes also hovered around the 300-plus level for the third consecutive month.

Market watchers expect resale volumes to pick up after February.

SRX Property's overall resale price index for non-landed homes dipped 0.2 per cent month on month in January. Year on year, the index eased 6.5 per cent.

ERA Real Estate key executive officer Eugene Lim said: "The price decline was expected due to flat volumes. In the absence of any tweaks to the existing slew of cooling measure…