Private residential resale prices up 0.6% in November

Led by gains in the luxury segment.

Private condominium resale prices inched up by 0.6% on a month-on-month basis in November, according to data released by SRX Property.

The growth was led by a 3% increase in private resale prices for luxury flats in the Core Central Region. Meanwhile, resale prices of flats in the Rest of Central Region rose 1.3%, while resale prices in the Outside Central Region decreased by 0.8%.

An estimated 488 private condominium units were resold last month, a 2.8% decrease compared to 502 units resold in October 2015.

On a year-on-year basis, last month’s resale volume was 31.2% higher compared to 372 units resold in November 2014.

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