The non-landed private residential resale market here continued to weaken in January with prices falling and sales volume staying flat compared to the previous month, SRX Property said Tuesday (Feb 10).
Resale prices for the segment dipped another 0.2 per cent in January from the preceding month, a flash report by SRX showed. On a year-on-year basis, prices were 6.5 per cent below that of January 2014.
The city centre, or Core Central Region (CCR), led the fall in prices with a 1.7 per cent decline month-on-month. This was followed by the suburban, or Outside Central Region (OCR), where prices slipped 1.1 per cent during the same period.
However, the city fringes, or Rest of Central Region (RCR), saw an increase of 1.5 per cent.
On resale volume, SRX estimated that around 370 non-landed private homes changed hands last month, 2 per cent higher than December. On a year-on-year basis, this was 25.9 per cent higher than the 294 units resold in January 2014.
Source : Channel NewsAsia – 10 Feb 2015