RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Condo resale prices dipped 0.3% in February

Resale volume dropped by 10.8%.

Resale prices of non-landed homes slipped by 0.3% month-on-month in February, according to data from SRX Property.

The drop was led by a decline in resale prices of mass-market homes in the OCR. Prices of flats in the OCR dropped by 0.8%, while the CCR recorded no change while resale prices in the RCR rose by 0.1%.

On a year-on-year basis, prices dropped by 1.6%. February 2016 prices were down by 7.4% from the recent peak in January 2014.

Meanwhile, resale volume dropped by 10.8% month-on-month in February. An estimated 356 condos were resold last month, compared to 399 units in January. On a year-on-year basis, resale volume was 3.8% higher.

Resale volume was down by 82.6% compared to its peak of 2,050 units resold in April 2010. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.