RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Resale prices of private condo unit up 7.6% in February

Despite the jump in prices, resold units saw a 68.6% yoy increase to 1,212.

The resale prices of private condo units last February grew by 7.6% year-on-year (yoy), according to the SRX Non-Landed Private Residential Price Index.

The resale prices of private condo units in the Rest of Central Region (RCR) in Singapore increased the highest by 11% yoy, followed by Core Central Region (CCR) and Outside Central Region (OCR) both at 6.2% yoy.

Despite the increase of resale prices, more private condo units were resold in February with 68.6% yoy increase or 1212 units.

Meanwhile, SRX earlier reported that HDB resale volume grew by 9.7% yoy to 1195 units in February 2018. Its resale prices, on the other hand, dipped by 2.4% yoy.

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