Resale price up 0.6% in January 2013

By The Folks @PropTalk - February 8, 2013 No Comments

Resale prices of non-landed private residential units inched up 0.6% in January, compared to December 2012, according to flash estimates released by the Singapore Real Estate Exchange (SRX).

SRX compiles data from 11 top property agencies in Singapore.

It said resale prices of non-landed private homes in the city fringes rose 2.5% to an average of $1,256psf in January, compared to December 2012.

Resale prices in mass market segment rose 1.1% to $997psf.

In contrast, resale prices of private homes in the core central region saw a drop of 2.9% month-on-month to $1,878psf.

SRX noted that January 2013 saw a 16.7% month-on-month increase in the volume of transactions for non-landed private residential homes.

Compared to the same period last year, the monthly resale volume of 920 units in January was almost triple the 309 units sold in January 2012. SRX said this was mainly due to the Lunar New Year holidays falling in January 2012.

Meanwhile, rental prices for non-landed private homes in January rose 1.2%, compared with December 2012.

This was led by a 3.8% increase in the city fringes, followed by a 0.9% appreciation in the core central region. The mass market segment saw rentals decline by 0.6%.
Source: Channel News Asia


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