11 Apr '17, 2am

Asia #Business ~ Private home resale prices rise for 5th straight month to 2 ½-year high in March: SRX…

Asia #Business ~ Private home resale prices rise for 5th straight month to 2 ½-year high in March: SRX…

SINGAPORE - Resale prices of non-landed private homes in Singapore rose for the fifth straight month to a 2½-year high, according to SRX Property's flash estimates released on Tuesday (April 11). SRX's private resale index reached 168.8 last month, the highest since September 2014. In other bullish indicators for the private resale market, the number of units sold improved by over 50 per cent from the previous month while buyers hiked their asking prices from below perceived market rates where they had been languishing for many months. Private resale prices climbed 0.5 per cent in March from the previous month, easing though from the upwardly revised rise of 1.1 per cent in February. Prices rose 1 per cent in January and 0.3 per cent and 0.6 per cent in December and November last year respectively. GRAPHIC: SRX PROPERTY Year on year, resale prices last month were 2.2 per c...

Full article: http://www.straitstimes.com/business/property/private-hom...

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