11 May '17, 8am

Private resale prices in prime districts decline 1.2%.

Private resale prices in prime districts decline 1.2%.

Resale prices of non-landed private homes in Singapore were unchanged in April from March, putting a stop to five straight months of month-on-month price rises, according to SRX Property's flash estimates released on Tuesday (May 9 ). Its report also showed that the number of resale transactions fell 21 per cent in April from March. However, this came as sellers hiked their asking prices to above perceived market rates - the first time they have crossed that line in at least two years. Going by location, the city fringes (rest of central region) and outlying areas (outside central region) recorded month-on-month price increases of 1.2 per cent, 0.1 per cent respectively, while the prime districts (core central region) saw prices decline 1.2 per cent. Private resale prices rose an upwardly revised 0.8 per cent month-on-month in March, 1 per cent in February, 0.9 per cent in...

Full article: https://www.srx.com.sg/singapore-property-news/36552/srx-...

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