Singapore condo resale prices edge up 0.1 % in December but volume stays flat: SRX Property

Resale prices of non-landed properties in Singapore inched up 0.1 per cent in December compared to the previous month, largely because of a 0.5 per cent rise in prices for suburban units.

In contrast, prices dropped by 1.1 per cent in the prime central areas and 1.2 per cent in the rest of the central region.

According to the SRX Non-landed Private Residential Price Index, released on Tuesday (Jan 13), year-on-year resale prices have dropped 4.2 per cent from December 2013.

Prices have declined 6.1 per cent since the recent peak in Jan 2014.

Resale volume remained flat. An estimated 371 non-landed private residential units were resold in December, level with 371 units resold in November.

Year-on-year, resale volume was 13.1 per cent higher compared with 328 units resold in December 2013. But they were down 81.9 per cent compared to its peak of 2,050 units resold in April 2010.