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Resale deals of non-landed private homes jump as prices fall

Published on May 12, 2014 10:18 AM
 
476 resale transactions of non-landed private homes took place in April, up 24 per cent from March and the most since October last year. -- ST FILE PHOTO: ALPHONSUS CHERN

SINGAPORE - The number of non-landed private homes that changed hands in the resale market jumped to a six-month high last month, as prices slipped to their lowest in one and a half years.

The Singapore Real Estate Exchange (SRX) said on Monday that 476 resale transactions of non-landed private homes took place in April, up 24 per cent from March and the most since October last year.

But it was still lower compared to a year ago, when 649 units were resold, it added.

Overall resale prices for non-landed private homes slipped by 1.7 per cent last month over March, dropping to their lowest since December 2012.

 
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