29 Oct '13, 2am

Resale private home prices down 0.7% in Sept: #sgproperty

Prices of resale private homes continued to fall in September, this time by 0.7 percent month-on-month following August’s 0.4 percent decline, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI) and reported in the media. Notably, three out of four categories of the index recorded declines, with the SRPI for Central Region (excluding small units) falling 1.7 percent and the sub-index for small units (up to 506 sq ft) posting the biggest month-on-month drop of 1.9 percent in September. This is in contrast to August when the sub-index for small units rose 0.7 percent month-on-month based on the revised index value for that month. “One possible reason for this could be that those who bought shoebox units in the early days and sitting on huge profits are less inclined to quibble over pricing in today's market when offloading their units,” said Alan Che...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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