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Resale prices of non-landed private homes rise in January for second straight month

Published on Feb 10, 2014 11:52 AM
 
High-rise private housing apartments on the coast line of the East Coast of Singapore. The resale prices of completed non-landed private homes in Singapore rose last month for the second consecutive month, even as the number of transactions continued to drop. -- ST FILE PHOTO: ALPHONSUS CHERN

The resale prices of completed non-landed private homes in Singapore rose last month for the second consecutive month, even as the number of transactions continued to drop.

Resale prices of these homes rose 2.3 per cent in January over December, after a revised 0.8 per cent increase in December over November, according to the latest data from the Singapore Real Estate Exchange (SRX) on Monday.

But the number of sales of such homes fell to 310 in January, a 9.1 per cent decline from December. The figure also marked a 70.2 per cent decline from January a year ago.

Part of the fall in transaction numbers was likely due to the Chinese New Year holiday that started at the end of January this year, said Mr Jeremy Lee, co-founder of srx.com.sg.

 
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