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Prices of non-landed private resale homes fall 2% in Feb, transactions tumble to 5-year low

Published on Mar 10, 2014 12:10 PM
 
Prices of resale private homes slipped last month as transactions fell to the lowest in over five years, new data has showed. -- ST FILE PHOTO: CAROLINE CHIA 

Prices of resale private homes slipped last month as transactions fell to the lowest in over five years, new data has showed.

Non-landed private home prices fell 2 per cent in February from the preceding month, according to estimates released on Monday by the Singapore Real Estate Exchange (SRX).

This reversed a 1.9 per cent gain recorded in January.

Prices in the city centre led the decline, dropping 3.9 per cent. Suburban home prices registered a 1.8 per cent slide.

 
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