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Resale prices of non-landed private homes in Singapore fall in May

Published on Jun 9, 2014 10:43 AM
 
High-rise condominium buildings in the Singapore city centre and outskirts on Feb 1, 2011. Resale prices of completed non-landed private homes in Singapore continued to drop last month, as the number of transactions fell. -- ST PHOTO: FILE

SINGAPORE - Resale prices of completed non-landed private homes in Singapore continued to drop last month, as the number of transactions fell.

The prices of these homes slipped by 0.3 per cent in May over April, according to the latest flash report from the Singapore Real Estate Exchange (SRX) on Monday.

SRX said "this level remained a 17-month low since December 2012".

The number of sales of such homes fell to an estimated 421 in May, a 7.5 per cent decline from April and a 42.6 per cent fall from May a year ago.

 
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