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Resale prices, rents rise for private and public housing

Analysts expect buoyant Q3, but differ on how sharply prices might move

Published on Sep 8, 2012 10:40 AM
 
Resale home prices and rents have climbed across the board after a lull in July, according to data out yesterday. The public and private segments both posted strong showings, and indicate that the third quarter might be a more buoyant one for the property market. -- ST PHOTO: ALPHONSUS CHERN

Resale home prices and rents have climbed across the board after a lull in July, according to data out on Friday.

The public and private segments both posted strong showings, and indicate that the third quarter might be a more buoyant one for the property market.

Private resale prices were up 4.5 per cent last month over July, said the Singapore Real Estate Exchange, which collates sales by major property agencies, accounting for about 85 per cent of resale transactions.

This puts the average resale prices in July and last month at $1,134 per sq ft (psf), 1.2 per cent more than $1,121 psf in the second quarter.

 
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