23 Jul '14, 9am

New: Singapore Property News This Week #165

Data from Singapore Real Estate Exchange (SRX) revealed that while there was a 7.9 per cent increase in resale volumes for private condominium units in the June from May, resale prices have fallen by 1.4 per cent month-on-month, across all regions. Condo resale prices in June this year are the lowest since December 2012. The total number of resale transactions made this June is also 23.8 per cent lower than in June 2013. Ong Kah Seng from R’ST Research believes that property owners are adjusting their prices to fit buyers’ demand. Furthermore, he believes that sales have been affected by the June holidays and the World Cup season. Data from SRX showed that condo units in the Rest of Central Region (RCR) suffered a 3.2 per cent fall in prices—the largest decline among all regions. Also, condo units in the Core Central Region (CCR) saw a 1.7 per cent dip in prices, while tho...

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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New: Singapore Property Weekly Issue 165 now out

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