08 Sep '15, 3am

#Singapore condo resale prices inch up 0.2% in Aug: SRX Property

#Singapore condo resale prices inch up 0.2% in Aug: SRX Property

SINGAPORE - The resale prices of private condominiums and apartments in Singapore edged up 0.2 per cent in August over the previous month, flash estimates from SRX Property showed on Tuesday (Sept 8). SRX Property also revised down its figure for July to show a 0.1 per cent price rise from the 0.3 per cent increase estimated last month. This is the third month in a row, starting in June, that prices in this segment of the market have inched up. Compared to a year ago, prices in August are 1.7 per cent lower, and are down 6.5 per cent from their recent peak in January 2014. In further signs of a stabilising market, the overall median transaction over X-value (TOX) stayed zero for August - for the fifth consecutive month. The median TOX measures how much people are overpaying or underpaying against the computer-generated estimated value or the so-called X-value. Prices in th...

Full article: http://www.straitstimes.com/business/property/singapore-c...

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