Singapore condo resale prices ease further in July: SRX

Singapore

RESALE prices of condominium units in Singapore dipped again in July for the second consecutive month, while volume of sales surged by almost one-third, according to monthly figures from real estate portal SRX Property on Wednesday.

Overall condo resale prices were down 0.5 per cent in July from the previous month. June had seen a 0.4 per cent decline from the peak in May, breaking an upward trend that had lasted four months.

Prices in the city fringes, or rest of central region (RCR), posted the biggest drop of 1.1 per cent in July, while prices for the …