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Resale condo prices up 0.4% in May: SRX

But analysts are reluctant to say there is a bottoming out of the resale market just yet

Published Tue, Jun 13, 2017 · 09:50 PM

Singapore

RESALE prices of private non-landed homes in Singapore rose 0.4 per cent in May, led by improvements in the prime and city-fringe regions, flash estimates from SRX Property show.

The price change in April was revised from "no change" to a 0.2 per cent dip. Still, SRX Property's resale index is showing an overall recovery since last November. Resale prices in May were 1.5 per cent higher than a year ago, also buoyed by the prime and city-fringe areas.