12 Feb '14, 2am

The reality of the resale market - Property Auctions News, Property Investment | PropertyGuru

Average resale prices of private properties across Singapore – excluding landed homes – fell by 0.98 percent month-on-month during January contrary to news reports earlier this week which suggested average prices in the city-state had increased by 2.3 percent over the same period. As with many media reports the story behind the headline is actually somewhat different. According to official Singapore government data analysed by PropertyGuru today, average per sqft prices of private resale condos did increase last month – but only in four of the city-state’s six regions. Overall the market showed a 0.98 percent month-on month decline in average resale prices. Transaction volumes also declined over the same period, from 303 during December 2013 to 229 last month. Dragging the market average down was the Core Central Region (CCR) where average prices showed a dramatic double-d...

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

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The reality of the resale market - Singapore

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