Prices of non-landed private homes drop 0.3% in February

Prices of non-landed private homes drop 0.3% in February

SINGAPORE - Prices of non-landed private homes on the resale market dipped slightly in February from January, according to SRX Property's latest flash report released on Wednesday (Mar 8).

Compared to Feb 2015, prices have gone down by 1.6 per cent. They are also 7.4 per cent lower than their recent Jan 2014 peak.

Most of the drop came from homes located outside of the central region, where prices fell by 0.8 per cent.

Prices in the core central region (CCR) recorded no change in February from January, whereas prices in the city fringes inched up by 0.1 per cent.

SRX Property also revealed that about 356 non-landed private homes were resold last month, more than 10 per cent fewer than the 399 units resold in Jan 2016.

However, the number of units resold was still 3.8 per cent higher compared February 2015, which saw 343 transactions.

seanyap@sph.com.sg


SRX is an information exchange formed by the leading real estate agencies in Singapore. Its purpose is to disseminate market pricing information and facilitate property transactions. Find out more at www.srx.com.sg.

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