Singapore resale condo prices up 0.4% in May: SRX

RESALE prices of non-landed private 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.

Prices in May were still 5.2 per cent lower than the last peak of the SRX Property's index in January 2014.

In May, both the Core Central Region (CCR) and the Rest of Central Region (RCR) recorded a price increase of 1.1 per cent, while the Outside Central Region (OCR) saw a price decrease of 0.4 per cent.

Based on SRX Property's estimates, resale volumes of 1,235 units in May were 17.4 per cent more than the month before, and 57.7 per cent more than in May last year.