Private resale home market stays sluggish, with volumes and prices down in Sept

Both prices and volumes of non-landed private property continued to slide, as sluggish conditions continue to dog the resale market.
Both prices and volumes of non-landed private property continued to slide, as sluggish conditions continue to dog the resale market.PHOTO: ST FILE

SINGAPORE - Both prices and volumes of non-landed private property continued to slide, as sluggish conditions continue to dog the resale market.

Data from SRX Property showed that prices in September fell 1.2 per cent compared to the same period last year.

Since the start of the year, prices have fallen by 0.7 per cent.

Similarly, the number of private homes exchanging hands also dropped by about 10.6 per cent.

Some 446 non-landed private units were resold in September, down from the 499 units resold in August.

Compared to the same period last year, volumes in September is down 4.7 per cent. At its peak in April 2010, the number of homes sold was 2,050 on the resale market.