Resale prices of condos up a tad in August
But that doesn't mean the market has turned around, warn analysts
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[SINGAPORE] Resale prices of non-landed private homes rose a slight 0.4 per cent in August, compared to July, but analysts say this cannot be construed as a turnaround in price performance. They pin it instead on some pent-up revival in buyers' interest, among other factors.
This was according to flash data released by the Singapore Real Estate Exchange (SRX) on Monday.
August's price gain was surprisingly led by properties in the city area and city fringe, which reported increases of 4.8 per cent and 1.5 per cent, respectively. In contrast, resale prices in the suburbs fell 1.1 per cent.
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