31 Dec '13, 5am

#GlobalREBubble #Singapore 'Resale Private Home Prices Up In Nov' via @SGPropertyGuru

Led by private homes in the central region, resale prices increased by 0.1 percent last month compared to the revised 0.8 percent dip in October, revealed flash estimates of the NUS Residential Price Index (SRPI) which was reported in the media. Prices of resale units in the central region climbed by 0.3 percent, reversing a 1.1 percent drop in the previous month. Resale prices of private homes in the Outside Central Region (OCR) declined by 0.1 percent in November, but this is less than the previous 0.5 percent drop. Meanwhile, prices of completed small units also slipped by 0.6 percent after remaining unchanged in October. Experts noted that the raw figures may not accurately represent the entire market as there were only 391 resale deals in November. Of these, 105 were in the central region and only seven small units were sold. As such, the public is advised to wait for...

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

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