New private
home sales slumped in June: URA
New private home sales fell 42% in June from May as
developers launched fewer units.
Data from the Urban Redevelopment Authority (URA) on
Wednesday (Jul 15) showed developers sold 375 housing units last month - well
below the revised figure of 643 units for May.
Developers launched just 219 units in June, down from
May's 500 units.
Including executive condominiums (ECs), sales by
developers fell to 485 units in June from 853 units in May.
Private
rental dipped in June: SRX
Rental prices for non-landed private residences fell
by 0.5% in June compared to May, according to flash estimates released by SRX
Property on Wednesday (Jul 15).
Non-landed private property units in the Core Central
Region and Outside Central Region saw rental prices fall by 0.8% and 0.7%,
respectively, while units in the Rest of Central Region saw no change.
June’s rents were down 6.5% year-on-year, and down
12.4% from its peak in January 2013, SRX Property said.
An estimated 3,777 units were rented in June, a 1% increase
from the 3,739 units rented in the previous month.
Year-on-year, rental volume was 15.4% higher than the
3,273 units rented in June 2014.
Private resale volume and prices up: SRX
The resale volume of non-landed private residential
units was up 34% year-on-year in June, with an estimated 552 units resold, the
SRX Property said on Tuesday (Jul 14).
However, compared to the previous month, resale
volume was down 10% from the 613 units resold in May.
Resale prices inched up 0.4% from May, driven by
units in the Rest of Central Region and Outside of Central Region, which posted
price increases of 1.1% and 0.5%, respectively. In contrast, prices of units in
the Core Central Region were down 0.8% from the previous month, SRX Property
said.
Overall resale prices were down 1.6%, however, when
compared on a year-on-year basis.
The median Transaction Over X-Value (TOX), which
measures whether people are overpaying or underpaying SRX Property’s estimated
market value, remained neutral.
For districts with more than 10 resale transactions,
District 5 (Pasir Panjang, Clementi) posted the highest median TOX of $30,000,
followed by District 10 (Bukit Timah, Holland
Road
The lowest median TOX was in District 9 (Orchard Road River Valley
Source: CNA
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