Slower fall in resale prices of Singapore private homes in July

The pace of price falls in private resale homes in Singapore eased last month, as units outside the central areas rose in price, according to the latest data released on Thursday. -- PHOTO: ST FILE
The pace of price falls in private resale homes in Singapore eased last month, as units outside the central areas rose in price, according to the latest data released on Thursday. -- PHOTO: ST FILE

SINGAPORE - The pace of price falls in private resale homes in Singapore eased last month, as units outside the central areas rose in price, according to the latest data released on Thursday.

Private homes changed hands in July at overall prices that were 0.3 per cent lower than in June, moderating from the previous month's 0.5 per cent decrease.

Small units fared the worst last month. Their resale prices dipped 0.8 per cent in July from June, accelerating slightly from the 0.7 per cent dip in June from May.

Resale prices of homes in the central area slipped 0.7 per cent in July, a tad less than the 0.8 per cent fall in June.

But resale homes in non-central areas inched up 0.1 per cent in price in July, reversing from the 0.2 per cent decline the previous month.