Resale prices at 2 1/2-year high after rising 0.5% in March: SRX

Singapore

RESALE prices of private non-landed homes last month rose 0.5 per cent in the fifth straight month of increase on broad-based recovery across regions, reaching a 2 1/2-year high since September 2014, says SRX Property.

But some analysts note that the smaller price gain in March following a one per cent rise in January and 1.1 per cent increase in February should not be read as a sign of market exuberance, especially in view of the sterling jump in volumes.

SRX Property's flash report for private non-landed resales, which captures over 80 per cent of monthly transactions, shows a 51.8 per cent month-on-month jump in resale volumes to an…