Saturday, Apr 25, 2015Saturday, Apr 25, 2015

August resale private homes prices up slightly

Published on Sep 29, 2012 6:00 AM
Buying sentiment is still healthy, going by the crowds seen at showflats and the take-up rates in the primary market. The buying momentum is expected to spill over to the secondary market as well, say analysts. -- PHOTO: BLOOMBERG

Resale prices of private homes inched up across the board in August, reversing the overall fall in July as buyers were lured by new project launches.

Prices picked up 1 per cent overall, according to flash figures from the Singapore Residential Price Index (SRPI) on Friday, after a 0.6 per cent overall fall in July.

The statistics are compiled by the National University of Singapore, and track a basket of completed non-landed projects.

Resale prices of non-central flats rose 1.5 per cent last month, the best performer for the month and a reversal of the 0.6 per cent drop recorded in July.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!