Condo resale prices rise 1% in January over December, 6.3% year-on-year: SRX Property

For the full year, resale prices of condos and private apartments climbed 6.3 per cent in January from the year-ago period.
For the full year, resale prices of condos and private apartments climbed 6.3 per cent in January from the year-ago period.PHOTO: ST FILE

SINGAPORE - Resale prices of condominiums and private apartments continued to appreciate month-on-month, according to the latest flash estimates from real estate portal SRX Property on Tuesday (Feb 13).

The values of non-landed private homes rose one per cent in January 2018 from December 2017. SRX also revised its price rise for December down to 0.3 per cent from 0.4 per cent.

The recent trend of island-wide increases was sustained: The core central region (CCR) was up 1.2 per cent month-on-month; with the rest of central region (RCR) advancing 1.4 per cent; and the outside central region (OCR) rising 0.6 per cent.

Resale prices of condos and private apartments climbed 6.3 per cent in January from the year-ago period, and are now off just 1.2 per cent from their last peak in January 2014, SRX figures show.

All locations saw price appreciation year-on-year, with the CCR, RCR and OCR recording increases of 5.6 per cent, 9.7 per cent, and 4.4 per cent respectively.

According to SRX Property, an estimated 1,097 non-landed private residential units were resold in January 2018, a 15.1 per cent increase from 953 units sold in December.

Year-on-year, resale volume last month was 99.8 per cent higher compared to the 549 units resold in January 2017.