Prices of resale private homes climbed 2.3 per cent in January, even as transaction volumes dropped 9.1 per cent over the same period.
According to the latest data from the Singapore Real Estate Exchange (SRX), which compiles data from property agencies in Singapore, 310 non-landed private homes were resold in January 2014.
Compared to a year ago, January’s resale volume plunged 70.2 per cent. 1,039 resale deals closed in January last year.
The suburban area saw prices increase 2.4 per cent higher compared to a month ago, followed by the city area which rose 2.1 per cent.
However, resale prices of private homes in the city fringe area declined 0.9 per cent.
Meanwhile, overall rental prices rebounded 1.1 per cent in January, after falling for six months.
All three regions saw rental price gains in January. Rentals in the city fringe area rose 3.6 per cent. This was followed by a 0.4 per cent increase in the city area. Rentals in the suburban areas saw a 0.2 per cent gain.
Source : Channel NewsAsia – 10 Feb 2014