Resale prices of private condos up 0.1% in December: SRX

A 0.1 per cent rise in resale prices of private condos in December, going by flash estimates of SRX Property, was dismissed by property consultants as a blip as demand appears muted this year.

The rise in resale prices from a month ago was driven mainly by transactions in suburban areas (Outside Central Region or OCR), which posted a price rebound of 0.5 per cent last month, after a sharp 2 per cent decline in November.

With the exception of this region, transactions in the city centre (Core Central Region or CCR) and city fringe (Rest of Central Region or …