Singapore private home resale prices rise 0.5% in April, volume hits 3-year high: SRX

Private non-landed resale prices are 0.5 per cent lower compared with a year back.
Private non-landed resale prices are 0.5 per cent lower compared with a year back.PHOTO: ST FILE

SINGAPORE - Resale prices of non-landed private properties rose by 0.5 per cent last month, according to flash estimates by SRX Property on Tuesday (May 10).

This was after they rose 0.1 per cent in March.

However, private non-landed resale prices are still 0.5 per cent lower compared with a year back.

In individual sectors, core central region prices rose 0.7 per cent month on month, rest of central region prices rose 1.3 per cent, and outside central region or suburban prices fell 0.2 per cent.

Resale volume last month hit a three-year high, with an estimated 689 non-landed private homes resold in the month.

This was 28.1 per cent higher compared with April last year, and the highest since 726 units were resold in May 2013.

But resale volume was still far lower compared with earlier peaks. For example, 2,050 units were resold in April 2010.