Private condo resale prices slipped 3.2% in February

On back of low resale volume.

Non-landed private residential resale prices registered a 3.2% year-on-year decline in February, on back of persistently low resale volumes.

Data from SRX Property show that 321 condos were resold last month, a 6.7% decrease compared to the 344 units transacted in January. However, resale volume was 36.6% higher compared with 235 units resold in February 2014.

Resale prices were flat on a month-on-month basis. In individual sectors, CCR and OCR experienced price increase of 1.5% and 2.0%, respectively. The prices in RCR, on the other hand, dropped by 0.8%.

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