Resale prices of private homes up slightly in January: SRX

SINGAPORE - Resale prices of non-landed private homes in Singapore went up by 0.6 per cent in January 2016 from the month before, according to SRX Property's latest flash report released on Thursday (Feb 11).

However, prices have dipped 1.7 per cent year-on-year compared to January 2015, and are down 7.2 per cent from their peak in January 2014.

In terms of location, prices in the Core Central Region (CCR) recorded the biggest rise of one per cent.

Meanwhile, prices of properties in the city fringes and outside the central region increased by 0.1 per cent and 0.8 per cent respectively.

SRX Property also revealed that about 364 non-landed private homes were resold last month, 20 per cent less than the 455 units resold in Dec 2015.

This is also 82.2 per cent lower compared to the peak in April 2010, which saw 2,050 transactions.

Year-on-year, resale volume in January 2016 was 3.7 per cent higher compared to the 351 units resold in January 2015.

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.