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Resale prices post surprise rebound in May

Published on Jun 30, 2014 12:46 PM
 
Private home resale prices rebounded islandwide in May from the month before, contrary to analysts' expectations that they would continue to weaken the rest of this year. -- PHOTO: ST FILE 

Private home resale prices rebounded islandwide in May from the month before, contrary to analysts' expectations that they would continue to weaken the rest of this year.

Prices climbed 0.8 per cent overall from April to May, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday.

They had fallen 1 per cent from March to April as new launches drew buyers away from completed homes.

The index, compiled by the National University of Singapore (NUS), tracks a basket of completed homes across the island.

 
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