16 Aug '15, 5am

Private Apartment Resale Market Flat as a Bored

Technically, the SRX Price Index (SPI) for private, resale apartments inched up 0.3% in July. But, for all intensive purposes, the market is flat as a board, or, more aptly, flat as a bored. At the risk of mixing metaphors, the private, resale condo market continued its journey on the road to nowhere in July. Transactions-Over-X-Value (TOX) has been ZERO for four month in a row. This means the market, overall, is trading at its X-Value, which, in turn, means there is neither positive nor negative market sentiment. Monthly transaction volume continues to hover around a paltry 500 units. The overall market is blah and boring. Sigh! In our effort to find a glimmer of excitement in this otherwise dull property market, we are closely watching the Core Central Region (CCR), particularly District 9. TOX posted a POSITIVE $37,000, which suggests some positive market sentiment. Ind...

Full article: http://www.srx.com.sg/singapore-property-news/10092/priva...

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