13 Oct '15, 3am

Private property resale volume slumps 10.6% in September: SRX Property

SINGAPORE: The private housing market remained in the doldrums in September, with sales of non-landed units continuing to decline, according to flash estimates from SRX Property released on Tuesday (Oct 13). A total of 446 non-landed private homes were resold last month, down 10.6 per cent compared to the 499 units resold in August. On a year-on-year basis, resale volume was down 4.7 per cent from the 468 units resold in September 2014. Resale prices inched down 0.1 per cent from August, with the fall led by units in the Rest of Central Region and Outside of Central Region, which posted price declines of 1.4 per cent and 0.9 per cent, respectively. In contrast, prices of units in the Core Central Region rose 2.8 per cent from the previous month, SRX Property said. TOX UP FOR FIRST TIME IN 6 MONTHS The median Transaction Over X-Value (TOX) for private property, which measur...

Full article: http://www.channelnewsasia.com/news/singapore/private-pro...

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