Resale prices of non-landed private homes dip in September but number sold rises: SRX Property

Singapore - Resale prices of non-landed private residential properties slipped 0.3 per cent in September compared to the previous month, according to flash estimates from SRX Property.

SRX Property said the decline was driven by a 2.1 per cent fall in the resale prices of private non-landed homes in the suburban areas.

In comparison, the resale prices of such homes in the prime central areas and city- fringe went up by 0.9 per cent and 2.9 per cent, respectively. In particular, September resale prices in the prime central areas continued to rise after a 4.2 per cent gain in Aug.

Compared to the same month a year ago, overall resale prices of private non-landed porperties are down 4.6 per cent, and 5.6 per cent since January this year.

An estimated 468 non-landed private housing units were resold in September, a 15.3 per cent increase from the 406 that changed hands in August. Year-on-year, resale volume improved 13.3 per cent compared with the 413 units that moved in September 2013;