August resale private homes prices up slightly
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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.
