Resale condo prices ease for 2nd straight month: SRX Property

Singapore

RESALE prices of private apartments and condo units on the whole in Singapore have eased for the second consecutive month. SRX Property's August flash estimate shows that its overall resale price index for non-landed private homes fell 0.8 per cent month on month.

This follows a revised 0.7 per cent month-on-month decline for July. SRX Property had earlier indicated a 0.4 per cent drop for July based on its flash estimate for that month.

Giving a geographical breakdown, SRX Property said that prices in the city-fringe or Rest of Central Region (RCR) and the suburbs or Outside Central Region (OCR) shrank 1.5 per cent and 0.7 per cent respectively. On the other hand, prices in th…